Leasing

Leasing regained momentum in the second quarter as a result of demand from retailers, logistics providers and e-commerce firms.

Ingka Centres, part of the Ingka Group (which includes IKEA Retail and Ingka Investments), will transform and redesign the 6X6 building into a new retail destination that's anchored by IKEA and mixed-use offerings.

Auctane LLC, a wholly owned subsidiary of Stamps.com and operator of ShipStation, ShippingEasy, ShipEngine and ShipWorks, will become the first office tenant in The Grove at Shoal Creek.

A new study found that six major markets in California are unlivable on the current unemployment benefits.

Year over year leasing activity decreased by 20.9% and August 2020 leasing in Manhattan was 63.7% lower than the monthly average in 2019.

Dollar stores have been deemed as essential businesses and remained open throughout the pandemic, and as unemployment numbers increase, many households are struggling to make ends meet.

Lases up for renewal are being signed for shorter durations as tenants seek time to assess the effects of the pandemic on the economy.

More than 30% of rental listings on Zillow in July featured concessions, compared to 16.2% of listings in February and 12.5% last July.