The cost-talent trade-off is not a zero-sum game.

Sam's Club has been one of the most active lessees.

However, the summer months and especially Back-to-Schools sales could accelerate recovery.

Dealmaking, though, has slowed amid rising rates and tighter lending.

Completions are expected to rise to the highest levels since the 1980s this year and next.

The situation is even worse than during the global financial crisis.

Rents are rising and absorption is positive.

CBDs need to reinvent themselves to remain attractive and competitive.