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Don’t Look Back: What’s Ahead for the Commercial Real Estate Industry
The Weekly Take from CBRE
The Multi-Family Sector Is on the Rebound After the Pandemic
US renter demand came back very strong in the second quarter. It almost even kept pace with near record supply. Vacancy only moved up another 10 basis points, returning to its long run trend of 5%. Single family market on the other hand is not balanced at all. We estimate there's a shortage of around 3.1 million homes nationally.
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