Doug Schwartz, chief investment officer of Americas real estate with JP Morgan Asset Management, said New York lacks leading tech companies.
Growth in CRE prices was modest in March, with some market observers expecting a pick-up in sales volumes.
Over the next decade, the percentage of seniors unable to afford seniors housing using only their incomes will grow to 81 percent.
Overall, 47 of the 63 markets tracked by CBRE Research saw a decrease in prime logistics yields last year.
Debt funds looking to make bridge loans are facing high competition for deals.
