Research

Airbnb is still expected to outperform the travel industry, according to eMarketer.

Total investment sales reached $10.5 billion for this time period, according to the Real Estate Board of New York.

Many businesses implemented hybrid IT infrastructure to improve their remote working capabilities and streaming content providers also saw increased viewership due to the pandemic.

The second quarter return is a "major reversal" from the negative 1% in the previous quarter and made for the second biggest swing in the past 94 quarters, according to Trepp.

Rents in New York have been dropping since the pandemic started. Last month they dropped another 1.1%, which means rents are down 3.3% when compared to last year, said Apartment List's latest New York rent report.

Still, small and medium-sized homes saw their prices increase slightly more than large homes, likely due to buyers prioritizing affordability.

While earlier affordable housing analyses have shown strong income growth for renters, those figures are skewed by the influx of high-income households.

Although downtown office leasing slowed during the first two quarters, largely driven by the pandemic, "That doesn't mean the market is dead at all," said Scott Amoson, director of research at Colliers' Atlanta office.