Analysis

However panic buying by contractors could create a bubble.

100% of respondents offered payment plans for residents facing financial hardships.

After jumping 43.3% in the second quarter of 2021, demand for office space is only 14% below its 2018-2019 average, the most recent pre-pandemic benchmark.

"Based on what investors are telling me today, the bid climate is particularly aggressive, putting downward pressure on cap rates."

The average asking rate per month per square foot jumped 3.25% over Q1 figures.

Lenders are providing capital in many forms for hotel owners, whether it is equity to purchase properties or creative debt structures to ensure liquidity and carry interest until stabilization.

Nineteen percent say their parents are helping them pay rent this year after they didn't need help last year.

Pricing has risen a quarterly 13.3% to reach $113 per square foot.