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NYC Rents Highest Since July, Driven by Mortgage Rate Surge
Manhattan apartment rents climbed to $4,295 in October, the highest level in 3 months, as rising mortgage rates kept renters renting.
Office Delinquencies Double Year-Over-Year
CMBS office delinquencies have hit their highest levels in over a decade, reflecting the seismic shifts in office demand fueled by hybrid work trends.
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