Research

The tech industry expanded in the market during the pandemic, attracting investment capital.

Despite the diminished demand for office space, 8.8 million square feet will deliver into the market this year, the second highest delivery since 2007.

Nationally, asking rents were up 15% in February, while homebuyer mortgage payments increased twice as fast, Redfin reported.

Office occupiers appear to be seeking quality assets above all else.

New construction is already trailing new deliveries in Manhattan with only 2.1 million square feet of new office development starts to-date since the beginning of last year.

Survey suggests older Americans are keener on owning a home; all rate it difficult to achieve.

Skyrocketing home values and rent make the jump to ownership even more challenging, according to Zillow.

Multifamily production is also rising, reaching a two-year high.