Research

Fifteen million square feet of total office sublease space was added to the market in the first half of the year.

While spending continues to trend behind pre-pandemic levels, the rate of both traffic and spending declines eased in August.

Demand for office space has decreased 20% more during the pandemic than it did during the Great Financial Crisis.

Activity in the sector did decline year-over-year in the second quarter, but when compared to dips in other industries, the legal profession rode high.

From December to June, the NOI of retail assets declined by 21.4%, and hotel assets saw a 39.7% drop.

In September, more than 30% of renters had owed back rent, with Hispanic and Black renters most impacted.

A study from workplace strategy consulting firm Vocon found that work-from-home fatigue is increasing and productivity is decreasing.

There are signs that in the data that some borrowers may be strategically defaulting on their loans.