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With asking rents for this apartment submarket expected to advance upward of 6% over the next couple of years, the timing looks good for selling the highest concentration of for-sale stabilized assets in Hudson County ever to come to market, says Gebroe-Hammer's Nicholas Nicolaou.
“The property's strategic location provides Atlanta's best overall access to the major employment centers of Buckhead, Midtown, Downtown and Cumberland/Galleria,” says CBRE's Kevin Geiger,
The main driver for increased activity in secondary markets in 2017 was net lease office assets, says Jason Dewitt, SVP of JLL Capital Market, Net Lease in this <b>EXCLUSIVE</b> Q&A on the subject.
Dekel Strategic Investors is trading ground-up multifamily deals, where there may be some softness in rental rate growth, for value-add and core-plus strategies.
Historically, San Francisco has had the highest rental rates in the country, and two opposing ballot measures threaten to increase average annual rates for office space by $1.25 to $2.50 if passed today.
Commercial brokerage firm Transwestern reports that Esquire Logistics has signed a 44,160-square-foot lease at the 3.5-million-square-foot industrial park at 8272 NW 21st St.