Analysis

Apartment demand has been bolstered by rising employment growth, which has spurred household formation.

Gridlock will likely be the theme of the next six months.

With events and group meetings not yet recovered from the pandemic, urban hotels were down 52% in room revenue in May.

Overall, prices rose 15.4% year-over-year in May.

Origination volume in Q1 was less than half the average volume in 2019, according to Trepp.

Los Angeles, Inland Empire and Chicago stood out for individual sale totals in excess of $1 billion closed since the start of the year.

The rise in population aged 65 and older and a rise in elective procedures and routine appointments could increase the number of buyers of sub-$10 million on- and off-campus assets this year.

By 2026, Statista projects that the global warehouse automation market could surpass $30 billion.