Foot traffic data was a key indicator.

So far this year, key industrial fundamentals have remained healthy.

"I've never seen so many borrowers handing over the keys," another panelist said.

The national average rent nevertheless rose during the same period.

It is not just the U.S. border towns that are experiencing an increase in demand.

They are convenient, usually located in high traffic retail locations and offer extended operating hours.

The national average sale price of an office building has slumped 22%.

The national office visit gap has hovered at around 40% of 2019 levels this year.