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Meanwhile, Amazon is offering unlimited grocery deliveries for $9.99 per month.
Lowest velocity since Q3 2020, overall vacancy rate tops 21%, Class A vacancy at 18.9%.
As software cuts the number of people leasing premises, training will be necessary to do more advanced work.
Proposed zoning changes include "over-the-counter" permits for less than 20K SF.
While reporters kept asking about timelines, Fed Chair Powell said there was no magic formula.
The problems right now are cyclical, not a foundational change like that of office.
But the West emerged from 13 straight months of falling rents to achieve an annual increase of 0.4%.
It is worst in New Orleans, Buffalo, Cincinnati, Pittsburgh, Cleveland, and Birmingham, Ala.
But the net total has reached more than $88.6 billion with a potential of almost $206 billion.
With interest rates expected to stay elevated, real estate investors are likely to remain cautious in their fundraising.