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Rents Keep Rising in U.S. Metros, Pushing Affordability Out of Reach for Millions

Pro Builder

Metros, Pushing Affordability Out of Reach for Millions. And unlike markups in other categories — such as food or gas, where prices can waver in both directions — economists say annual leases and long-term mortgages make it unlikely that housing costs will come back down quickly once they rise. Rents Keep Rising in U.S.

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

Pro Builder

Metros Are Making Their Post-Pandemic Recoveries, and Rents Are on the Rise. 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. Mon, 02/07/2022 - 10:45.

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Administration Expands Push to Build Clean Energy Projects

ENR Construction

auction of offshore wind project lease tracts, in metro New York City area, and more renewables built on public lands. Multi-faceted federal effort includes largest yet U.S.

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Forget Class A: The opportunity is with Class B and C office properties

BD+C

office construction sector, Class A and Class A+ properties are the darlings of every major metro market. Owners and developers of these amenity-rich, high-performance buildings are competing to lure top-notch companies willing to pay the most lucrative lease rates—and to keep them there long-term. In the $90 billion U.S.

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Transwestern report: Office buildings near transit earn 65% higher lease rates

BD+C

The examination of 15 major metros shows average rent in Central Business Districts was $43.48/sf The national average rent in transit-accessible office buildings was 65% higher than the average market rent in early 2018, according to a new report from real estate firm Transwestern. sf for car-dependent buildings. .

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As the Vacancy Rate Rises, Rents Are Poised to Fall

Pro Builder

The Cincinnati metro, where the median apartment cost $1,218, saw the sharpest price gain in April, with rents up 9.9% And in Las Vegas, the median lease was 5.7% and 8.9%, respectively. compared with a year ago. Detroit, where the median rent is $1,390, was in second place, with an 8.9% Riverside, CA, saw rents fall 10.9%

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Single-Family Rental Prices Jump at the End of 2021

Pro Builder

As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.