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Epstein File EFTA01388638: Construction and Entertainment (DS10)

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This document is a real estate market analysis discussing construction and retail entertainment trends. It projects that new construction will remain below 1% of stock annually over five years, forecasts vacancy rates to fall below the historical 25-year average of 10% by 2017, and discusses retail strategy including grocery-anchored centers and entertainment-focused uses. The document contains no specific names, dates, or financial amounts related to Epstein.

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Excerpt 1
Over the next five years, we expect new **construction** to remain well below the historical average at less than 1% of stock annually.
Excerpt 2
As a result of improving demand and limited new **construction**, vacancy is forecast to fall under its historical 25-year average of 10% by 2017 and remain
Excerpt 3
Additionally, class B centers in excellent locations with a clear path to growth, such as additional **construction** of single and/or multifamily homes, hotels

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