Industrial

The imbalance creates a headwind for two types of commercial real estate, specifically hotels and seniors housing facilities.

The 149 distribution building portfolio spans 12 major industrial US markets.

At the same time inventory jumped significantly, notching an increase of more than 57%.

In July and August, the firm purchased three properties totaling $115 million purchased with cash-on-hand.

One respondent said it's not the fear of COVID keeping people out of the office, it's that people are comfortable at home.

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Major demographic changes will require the industry to adopt new construction methods.

The acquisition will allow JLL clients to "better predict future property values, improve cost savings, identify promising investment opportunities and make critical business decisions."