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The average flex workspace requirement size was down by 29% last year and dropped average initial term length by a month.
As the crisis winds down, the competition for assets will begin to rise as confidence returns.
Lodging showed a 233 basis point reduction last month, and retail registered a 37 basis point decrease.
JLL advises occupiers considering building or renovating office space this year to steer away from relying on previous years' benchmarks.
The average monthly payment for a 30-year loan is now $1,926.
WFH is not only affecting the office asset class but multifamily as well.
Because of the forced widespread adoption of WFH practices, the debate over whether office space will remain relevant rages on.
"The risk is that you end up behind the curve and you have to tighten policy more quickly than you'd prefer."
From Austin to Lehigh Valley new markets are emerging for industrial growth.
The economy is picking up but those tax proposals will bite.