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"Office vacancies haven't declined much because total jobs are still below that of the pre-recession level in 2007, but rising international trade is boosting demand for warehouse space," Yun said in a recent NAR release. "Consumer spending has been favorable for the retail market, and rising construction is keeping apartment availability fairly even, though at low vacancy levels. That, in turn, is pushing apartment rents to rise twice as fast as broad consumer prices and average wage growth."
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- People:
- Lawrence Yun
- Vince Manini
- Places:
- Carol Stream
E
Elise Hacking Carr
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Elise Hacking Carr is senior production editor for Print & Promo Marketing magazine, and managing editor for PRINTING United Journal.
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