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AUGUST 14, 2019

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Multifamily

The Cities with the Lowest (and Highest) Living Costs

By NREI Staff

Recently Move.org produced a list ranking the costs of 75 different metros. They site used five common expenses to generate its list: average rent for a one-bedroom apartment, utilities, interent, gasoline and food (groceries and occasional restaurant meals). Using the data from the site, the following gallery includes the five most and 10 least expensive cities in the nation. 

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Analysis

Office

U.S. Office Vacancy Lowest in 18 Years, Despite Lots of New Construction

By Patricia Kirk, Contributing Writer

The U.S office market continued to experience accelerated growth in the second quarter, with 17.1 million sq. ft. absorbed, bringing the year-to-date total to 66.5 million sq. ft. Vacancy dropped to 12.2 percent nationally—the lowest level in 18 years, according to a second quarter office report from real estate services firm CBRE.

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NREI Wire

WeWork Shows Revenue Growth, Cash Burn in IPO Filing

Bloomberg

In its IPO disclosures, WeWork revealed revenue of $1.54 billion and a net loss of $690 million in the first half of 2019.

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Yield Curves Invert in U.S., U.K. as ‘Doom and Gloom’ Spreads

Bloomberg

The inverted yield curves are setting off a recession warning.

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10 Must Reads for the CRE Industry Today

By NREI Staff

Commercial real estate prices in global capitals take a dip amid U.S. and China trade tensions, according to the Wall Street Journal. Restaurants are moving away from renting space for a dining room because of delivery demand, reports The New York Times. These are among today's must reads from around the commercial real estate industry.

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