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WASHINGTON, DC-Nonprofits have improved their financial health since the economic downturn, according to a report by CBRE’s Nonprofit Practice Group. This is a mixed blessing for the commercial real estate industry, however, because along the way nonprofits have become very cognizant of the benefits of space efficiency. “We are definitely seeing a big push by them to become as efficient as possible in the use of their space,” CBRE Executive Vice President Manny Fitzgerald tells GlobeSt.com.

In general, the financial health of nonprofits has improved to the point where more than half say they are not planning on taking any more cost-cutting initiatives this year, the CBRE Annual Nonprofit Real Estate Benchmarking Survey found. In fact, many anticipate modest growth.

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