Research

52 projects totaling 27.2 million square feet are under construction, setting a new record for the most space being developed at one time

Think tank Economic Policy Institute warns that the unemployment rates is actually far higher, and could escalate unless Congress takes action.

According to NMHC, 77.4 % of households who live in apartments paid partial or full rent by July 6.

Since 2016, the gap in cost between CBD and suburban office has receded from a high of 68%, according to Cushman & Wakefield.

56% of respondents said they still planned to buy a home in the next five years, suggesting the long-term optimism of renters hasn't been completely crushed.

Anglophone companies dominate the top 10 in the real estate services company's biennial survey, while Singapore, Hong Kong and Japan jockey for the title of Asia's most transparent market.

"But with New York City having entered Phase 2 of reopening in late-June and pockets of New York State already in Phase 4, there are promising signs of a recovery in the second-half of the year," says Colliers' Franklin Wallach.

As millennials prepare to have children, the rental market needs to prepare with family-oriented developments.