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A 4,000-square-foot pop-up collaboration between Gucci and North Face in New York City signals a rebound of the luxury retail market.
New Jersey, Illinois, California, Louisiana, New York, Florida are most at risk.
Golden state workers are outbidding locals in secondary markets sometimes by up to 50%.
While in-person shopping should increase, demand for modern facilities will also rise.
Overall, volume tumbled in 2020.
A fund managed by DRA Advisors has brought the Pinnacle Corporate Park to market on the heels of Starwood Capital Group's sale of Crossroads Business Park.
Leasing activity slowed at the end of the year, but it wasn't enough to offset the strong leasing activity through the pandemic.
US office occupancy losses totaled 84 million square feet last year, with more than half of the losses occurring in CBDs.
Now may be the time to lock in financing if this trend continues.
Overbuilding is one concern in the not-so-distant future.