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For the first time on record, the number of job openings exceeds the number of people out of work and seeking employment so it is no surprise that office assets are getting noticed by investors and lenders.
“At just 4.1%, the Greater Philadelphia vacancy rate is considered 'typical' by local standards at the peak of a construction boom highly concentrated within Center City,” says Gebroe-Hammer's Eli Rosen.
Industrial tenants with multiple locations want to consolidate, but with a limited availability of 100,000-square-foot-plus industrial facilities in San Diego, it is easier said than done.
During the past 12 months, 5.41 million Americans borrowed an estimated $16.16 billion for home improvements, with the average loan amount being $2,990, according to Finder.
With the need for affordable housing continuing to grow nationwide, low-income housing tax credit/LIHTC and rural housing programs allow more properties to be developed.