Leasing

Some studies indicate hybrid work can be a challenge, as well as being a convenience.

The bank signed a 20-year lease for 265,000-sq.-ft. at the Spiral, a 65-story skyscraper that’s being built by Tishman Speyer.

Rapid rent increases are helping offset increasing debt costs, keeping the sector in favor among buyers.

The current renewal rate at Equity Residential’s NYC buildings is around 60 percent, down five percentage points from the beginning of the year.

Occupancy rates throughout the retail real estate industry have ticked up in recent months, leaving the sector on its best footing since before the pandemic.

The vacancy rate for space in the city’s warehouses has fallen below 1 percent, according to Altus Group Ltd., and land is hard to find.

A collapse in nominal rents would have been far worse because prices for some goods and services are often sticky on the downside.

Representatives of foreign companies in China met Monday with Commerce Minister Wang Wentao to discuss the impact of Covid controls.

The report from American Hotel & Lodging Association and Kalibri Labs projects that hotel business travel revenue will remain 23% down from 2019 by the end of this year.

There are few signs of an affordability ceiling in the market-rate apartment segment, says Jay Parsons, of RealPage.