The changes in the wider world were echoed by the changes in the commercial real estate market. Multifamily rent growth finally started to slow down, as inflation limited tenants’ ability to pay higher rents. Real estate economists started thinking about the rising risks of a recession and how the industry can safeguard itself against them. Investors adjusted their strategies to deal with rapidly rising interest rates and softening property fundamentals. And throughout the year, we used our galleries to reflect these key industry trends.
Taxpayers and voters still don’t have a complete understanding of the possible financial conflicts of interest that surrounded Trump before, during and after his presidency.
Washington, D.C., Mayor Muriel Bowser called on the Biden administration to either end federal telework policies or turn over some government buildings to be converted into housing, reports ABC News. Twitter has been sued for non-payment of office rent by one of its landlords, according to Bloomberg. These are among today’s must reads from around the commercial real estate industry.
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