Rents on 10x10 climate-controlled units are projected to end 2021 with 8% growth.

Manhattan ranked third among the 12 largest cities in the country for office market recovery.

Concessions landlords are making are bringing in retailers that had steered clear of Manhattan before.

Supply chain problems, labor issues, and geopolitical wrangling mean a continued uncertain and volatile future.

Rents were up 10.9% year over year in October while annual rent growth is more than three times that of a year earlier.

And the broader urban recovery will be influenced by a movement back toward working in the office.

"We believe that some of the shift to e-commerce over the last two years was structural rather than temporary, and e-commerce will continue to fuel the industrial market."

The properties were purchased from two different sellers.