Research

Migration out of large cities has increased dramatically during the pandemic, and most of the moves are permanent.

Major cities have suffered declines in the wake of COVID-19, but the surrounding areas are faring much better.

The sector's collections and move-out/move-in rates for October look promising, though public housing didn't fare quite as well in a new report.

Manhattan is also struggling with a high vacancy rate.

Customer transaction declines at major US restaurant chains held steady at negative 9% every week in October.

The sector's vacancy rate increased by 0.2% in Q3 to 10.4%, according to REIS.

Rent growth has even been sluggish in cities where it was positive.

As vacancies increased, asking rents rose 0.2%.