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At $22.1 billion, New York City investment sales volumes fell to the lowest levels since 2010.
While grocers and food vendors hired personnel, other retailers cut seasonal jobs.
Work from home and stabilizing densification are among the drivers.
Net absorption in the fourth quarter was far better than expected.
NAIOP's latest survey shows increased investment for resilient asset classes, like industrial, but challenges in other asset categories.
CGS3's Phil Jelsma gives insight on the recent IRS guidelines that extend the timeline to invest capital gains in an opportunity zone fund.
Overbuilding and tenants that are struggling with the pandemic are two possible challenges that the sector might face.
In August, 85% of renters were up-to-date on their payments.
Both rents and demand are expected to grow particularly in urban regions close to end consumers.
Green Street analysis predicts pricing uncertainties will clear sooner rather than later.