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Investors are currently sitting on a record $324 billion in dry powder.
Leasing volume was down 47% compared to January 2020 and well below the pre-pandemic average monthly volume in 2019.
Although big tenants like WeWork scaled back on their office leases, interest from financial firms in South Florida makes for an optimistic outlook.
New York City had 1,251 commercial real estate transactions last year, and apartment accounted for 391.
Airbnb's influence declines in areas with a higher owner-occupancy rate.
Package management systems, smart home devices, gym and recreation sport facilities, outdoor kitchen and dining areas and pet services are the top amenities renters want.
Total construction starts fell 10% to $766.3 billion in 2020.
The US industrial market posted its strongest quarter ever with 89.8 million square feet of net absorption.
Twenty-eight percent of renters carry rent debt, which is an improvement above the 33% reported having unpaid rent obligations.
At least three million renters who were employed last March lost their jobs and were still out of work in November.