Office

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

Parking and stairs could make malls attractive in the COVID era.

Going forward, Tzadik is focusing on expanding its real estate investments in the upper Midwest.

The JLL survey found that 58% of office workers missed the office, with those 35 and younger showing a stronger desire to return.

The company expects to break ground on the first phase of the 36-acre development in Cayce, SC in late 2021.

"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.

The third monthly survey from the professional organization measuring COVID-19's impact saw an increase in overall market confidence and increased on schedule transactions in the industrial sector.

The 35,000-square foot building will be part of Founders Square, a 55-acre mixed use development of residences and retail stores.