Lower consumer spending and inflation will test the resiliency of the industrial sector, reports The New York Times. Brookfield, Intel sign a multi-billion agreement to finance the building of chip factories, according to The Wall Street Journal...
The new space is a reduction from the roughly 800,000 square feet that KPMG currently leases across three towers in Midtown. The firm plans to leave those buildings.
Over 1,800 companies re-shored production in 2021, setting a new record for re-shoring activity, notes The Reshoring Initiative. These companies are looking for logistics facilities, warehouses and distribution sites.