With a shrinking delta in cap rates between assets of different vintage, many investors opt to go with lower risk newer properties and fewer capital expenditures.
Rents are soaring across the country as would-be homebuyers get priced out by the fastest-rising mortgage rates in decades and slide back into the overcrowded rental market.
Brutal heat waves may be driving more employees back to offices where they can get relief from central air conditioning, reports The Wall Street Journal. Bloomberg looks at the equity gap between black and white households when it comes to commercial real estate investment. These are among today’s must reads from around the commercial real estate industry.
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