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The median household income in Los Angeles needs to increase 25% to afford the average rent in the city.

The real estate law firm has extended its lease in the Midtown East tower for another 10 years.

“I have been pleasantly surprised in the time since to learn that this has had less of an impact that I had feared,” Mayor Bramson said.

Net foreign investment in the DC office market fell into negative territory but JLL report author John Andril predicts foreign buyers will re-enter the market later this year.

The 28,890-square-foot deal, announced by commercial brokerage firm Avison Young, is the first lease transaction signed at the more than 330,000-square-foot complex.

Having federal approval for cannabis in the U.S. will dramatically lower this risk, but until that time it is incredibly difficult to provide any actuarial backing to these pricing options, as the marketplace is now being created.

The total square footage of San Francisco tenants seeking space rose to 7.1 million square feet during the first quarter, surpassing the level of existing available supply by nearly 300,000 square feet, says CBRE.

The Phoenix market had 9,000 square feet of co-working space last year, but by the end of this year, that number will likely double thanks to expansion led by WeWork and Industrious.