There is an expectation that apartment rents, especially on garden-style developments, will continue rising, according to CP Capital’s Paul Doocy.

Duke Realty rebuffed Prologis’ takeover bid. Less than a tenth of Manhattan’s office workers are coming in full-time, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.

The company would like to sell its U.S. malls at a 30 percent discount to their 2021 valuations. Analysts say that may be unrealistic.

Very strong demand and reduced supply have resulted in all-time peak pricing.