NOT FOR REPRINT
Page Printed from: globest.com/author/profile/-erika-morphy?page=373
Sign In To follow
Detached rentals are driving the growth.
CBRE's Lenny Beaudoin says the average office-using worker will spend 1.6 days a week working remotely, up from 0.6 days a week pre-crisis.
The 149 distribution building portfolio spans 12 major industrial US markets.
ViacomCBS is leasing back the space on a short term basis.
"I'm hoping for the foreseeable future it will continue on that uphill tick. That's what everybody's hope is," said Colliers' Jenny Gefen.
"The recovery is a lot stronger than what we originally thought in the beginning of the year."
At the same time inventory jumped significantly, notching an increase of more than 57%.
In urban core counties, revenue per available square foot has recovered most on B and C apartments in the South, Midwest and in secondary and tertiary markets.
The move accelerates the company's asset-light transformation.
Limestone asset management closes in on 27 locations throughout the US.