Private equity investments in proptech firms increased in dollar volume during the period, but deal count was down almost 40 percent.

Provisions like these can help both landlords and tenants.

Demand remains strong and vacancy is close to its all-time low.

The dynamic reflects both a dearth of deals taking place and the fact that distress hasn’t started working through the marketplace yet.

Newmark reportedly turned down the offer because of concerns about Cushman & Wakefield’s level of debt.