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Younger, value-conscious generation wants "classics" that can't be replicated at home.
Deal volume is up, but rising interest rates and surging capital costs pose headwinds for the sector.
In an encouraging sign for NYC real estate, residential rents posted small upticks in Brooklyn and Queens, while rents remain elevated year-over-year in all boroughs surveyed by MNS Real Estate.
A Deloitte survey shows inflation, workforce management, and cyber risk to be top concerns.
CBRE survey says 19% have no set guidelines for workers' return.
Asking rents snap a 20-month run of sequential rent increases.
Retail capital markets were buoyed by a substantial uptick in deal flow, led by activity on the West Coast.
Since the pandemic, lower-density areas have seen more activity, according to NAHB geography index.
Springboard also reported downtown traffic in August during dinner hours noticeably improved.
Lifestyle changes wrought by the pandemic are still expected to keep unit availability "well below" pre-2020 levels.