The easing of virus restrictions and return to offices for many white-collar workers will mean that apartment markets in cities such as NYC and Washington D.C. will outperform this year. But we think the longer-term outlook is most favourable in Sunbelt markets, which generally offer lower rents, lower taxes and warmer climates than most coastal cities. In the view of wider interest, we are sending this US Commercial Property Update to subscribers of our US Housing Service.
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