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No doubt, losing the tax break will have substantial financial implications.
This is a shift from Dimon’s sentiments earlier this year.
Some Canadian investors are rethinking the case for U.S. CRE.
Separately, the agency has substantially reduced its workforce as part of broader government directives.
For the most part, we haven't seen return-to-office mandates translate into leasing demand.
A persistent upward trend in cap rates reflects high borrowing costs and inflationary pressures.
Rent growth ranges from about 2.5% in Portland to about 11% in Northern New Jersey.
The 36-story building contains a mix of hotel rooms, medical clinics, and staff residences.
However, leasing is picking up momentum.
Office attendance is improving but it's far from a return to pre-pandemic times.