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Overall, office demand across the US dropped sharply at year's end.
Forty percent of consumers tell First Insight that they will shop for apparel in-store either less or the same amount after being vaccinated.
As millions of people are working from home, attending online schooling, shopping online and gaming, data center demand rises.
Developing life sciences building is a highly technical pursuit and not all buildings are suited for the asset class.
But NABE data show that a mere 11% of panelists expect all employees to return to a physical office.
Investor sentiment is optimistic on multifamily and industrial product, but for retail and office, the outlook is dreary.
The 100 largest office lease transactions last year totaled 29 million square feet, 32% lower than in 2019.
Apartment vacancy increased significantly in gateway markets like New York and San Francisco in 2020, but they will see some relief this year.
New report sees minimal 2021 rent growth.
Nonresidential starts are now at their lowest level since 2015.