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U.S. Metros Are Making Their Post-Pandemic Recoveries, and Rents Are on the Rise

Pro Builder

cities, rents are rebounding and even surpassing pre-pandemic rates after plummeting in the early months of 2020. Some New York renters who signed their leases at the start of the pandemic reported 30% to 40% price increases at the end of 2021, but not all rental markets are making equally strong recoveries, The New York Times reports.

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Moving Company Data Suggests ‘Abnormally High’ Rate of Relocation from Cities

Pro Builder

Regardless, some of the moves are likely to be permanent as evidenced by the number of renters giving up their apartment leases. Zillow data indicates that the national rental market has been disproportionately impacted in major urban centers, implying that renters are swapping one lease for another somewhere else.

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Business Report-New Jersey: Jet.com Expands HQ in Hoboken

Buisness Facilities Contributed Content

SJP Properties was represented in-house by Senior Vice President Peter Bronsnick. Pearson Education occupies 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, which also houses collaborative workspace provider Regus. Jet launched in July 2015, bringing a significant number of jobs to Hoboken.

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

Buisness Facilities Contributed Content

Valeant is in the process of determining where in New Jersey to locate the company’s combined U.S. One NJ option is a leased facility in Bridgewater; 274 jobs would remain in the state and 550 jobs would be created. NJEDA approved a significant Grow NJ award of up to $39.5 headquarters.

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Housing Market Pushes Buyers to Rentals, Intensifying Demand

Pro Builder

Housing Market Pushes Buyers to Rentals, Intensifying Demand. Demand in the rental market has gone a full 180 from last year as Americans return to cities as the economy improves and priced-out homebuyers search for apartment and single-family rentals. Today, the national housing shortage sits at more than 4 million homes,” he said.

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FEATURE STORY: High-Tech Hubs Are Moving To Their Markets

Buisness Facilities Contributed Content

Google's reception area in Bakery Square in the Steel City. tech hubs, Silicon Valley, Boston, New York City and other areas certainly come to mind. However, technology companies are realizing that to be truly global, they need to tap innovation at more locations and in new high-growth markets.

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Less Is More In New England

Business Facilities

The Rochester Opera House has been enjoying a renaissance, with 2015-2016 being its most successful season since it reopened in the 1990s. Downtown occupancy and residency is up dramatically, with 64 new dwelling units and a 5 percent drop in ground floor vacancy this past year alone. economy and 2/3 of the Canadian economy.