As the US enters into its third month under various stages of stay-at-home orders due to the coronavirus pandemic, rents nationwide decreased .2 percent…
With monthly leasing activity in the Big Apple having increased while seeing lower leasing volume year-over-year, the latest Colliers International Manhattan Monthly Snapshot for May 2020 is decidedly mixed.
The coronavirus pandemic is accelerating innovations in supply chains, such as "contactless everything," robotics in warehouses, more cold storage warehouses, and autonomous vehicles for delivery.
CBRE Group found that the amount of office space available for sublease in Manhattan has declined, despite a high number of office job losses in connection with the pandemic.