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Commercial
In 2024, expect hybrid and work-from-home trends, tighter budgets, rising rents and the demand for data centers to continue.
Multifamily housing is a buoyant sector. It typically thrives in strong economic times and hardens to inflationary pressures. It also looks forward and can provide renters with more than a place to live. Multifamily real estate offers families, singles, Zoomers and Boomers the opportunity to build a community, even a temporary one.
Goodwin Procter, one of the largest law firms in the world, said commercial real estate is ready to rebound. Rate cuts will boost real estate development. Brighter days could be coming for the commercial real estate industry after a cooldown in recent years.
More new rental apartments are coming to the market than at any time since the 1980s, and one reason is a proliferation of bigger and taller multifamily buildings, reported the Wall Street Journal.
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