Office

The Midtown South submarket performed best, followed by Downtown and Midtown.

If more firms follow these companies, the future of the office asset class will be even more uncertain than it already is.

Central banks won't need to raise interest rates in the next 12 months, which will support growth for the next two years.

KKR Real Estate Select Trust has acquired HQ @ First, a 603,000-square-foot office campus fully leased to an investment-grade tenant.

Industrious says it has hit three times its pre-COVID sales average in June.

The three funds include Heitman Value Partners V, Debt investment fund Heitman Debt Partners II and Global core plus fund Heitman Global Real Estate Partners II.

"This deal is the largest Downtown since the start of the pandemic, an unmistakable sign of New York City's recovery and resurgence."

"Broward County hasn't had quite as much benefit from migration from the Northeast as both Dade and Palm Beach counties had, which seem to be mostly tech-related and finance," Rod Loschiavo, executive managing director at Colliers International, said.