Office

Amarillo had the fourth best unemployment rate recovery and Plano had the 11th best unemployment recovery at mid-year, according to a WalletHub city-by-city report.

When it is delivered the 34-story building will be the area's first development to be built under the Affordable New York Housing Program.

Data centers, manufacturing centers for new technologies, remote-parking, and recharging stations will be the beneficiaries of technological trends.

Velocity, volume and asking rents all fell to—or by—record-lows, while the largest amount of supply became available in over a decade.

Construction on the Chapter Buildings and Brooklyn Cut is anticipated to begin in 2021 and be completed in 2023, located one block of Sound Transit's future link light rail station, which opens in fall 2021.

"Our offices in smaller cities and suburbs are reporting enhanced activity from out-of-state investors and companies that are either looking to relocate or at the very least, downsizing their urban footprints for satellite offices nearby."

Hackman Capital Partners and Square Mile Capital acquired the studio's properties and operational components, and will work with the studio to further grow and develop the business.

As previously reported, the office market has been rocked by the pandemic. GlobeSt.com takes a closer look with an infographic on the subject including what initiated this trend.