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Young Professionals Have Returned to Cities, Impacting Rents

Pro Builder

Young professionals have returned to cities, pushing apartment rents up and taking the stock prices of apartment companies with it. The FTSE Nareit Equity Apartments index, which tracks publicly traded apartment companies, increased 42% since January 2021. Housing Markets. Wed, 08/04/2021 - 10:00. Apartment owner UDR Inc.

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

They also will be eligible to give property tax abatements for new development, allowing cities like Camden to spur development and compete with Philadelphia for private-sector jobs and residential growth. Aggregate tax credits available to qualified residential projects under ERG are limited to $600 million.

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