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With many Americans delaying homeownership — given low supply, high pricing and rising interest rates — that has in turn created a growing demand for rental housing. This is contributing to rising rents and presenting opportunity for investors to capitalize on the abundance of new renters, increased competition and demand that is outpacing supply, Larry Jacobson, president and CEO of The Jacobson Company, said in an interview with IREI.
Despite economic headwinds including high inflation and rising materials costs, global office markets exhibited relative strength in second quarter 2022. Office take-up and prime rent increases occurred in several key markets across the three main global regions, reflecting recovering demand and improved leasing activity.