Commercial Real Estate & Business News – June 4, 2021

It’s been more than a year since the World Health Organization declared the COVID-19 outbreak a pandemic and the first related deaths were reported in the U.S. During the height of the pandemic, hospital systems were stressed as available beds ran dangerously low in cities across…»
Musings over the “death of office” post-COVID-19 are likely overblown—at least according to a panel of experts convened by Trepp recently to discuss the sector’s path forward. Instead, office employment will likely pick up while office use moderates, achieving a balancing effect, said…»
Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust institutional acquisition activity, increased interest in office assets as return-to-the-workplace plans gained momentum and, despite COVID-19 related international travel restrictions, resilient…»
While rising costs have canceled some construction projects, CBRE says 2021 will still see a boom in new commercial real estate development. This is not to discount surging prices, which have resulted in domestic steel and lumber prices tripling since last year, according to SteelBenchmarker and…»
Apple is finalizing plans to bring its workers back into the office, albeit under abbreviated circumstances, underscoring the increasing role high-profile tech giants play in establishing a blueprint for corporate America in returning employees to workplaces as the pandemic shows signs of…»