1. Architecture Billings Index points to major downturn in commercial construction (AIA)
"Largest monthly decline in billings a direct result of pandemic response."
2. Rent Payment Tracker Finds Rent Payment Rate at 95% of Prior Month (National Multifamily Housing Council)
"The share of residents who paid in April increased by 5 percentage points compared to last week."
3. It's time to make your back-to-the-office plan (GBBN)
Congratulations! Your organization has successfully pivoted to remote work and settled into a new routine. Now, it’s time to start preparing for your return to the office.
4. The death of the department store: ‘Very few are likely to survive’ (New York Times)
"Shuttered flagships. Empty malls. Canceled orders. Risks of bankruptcy. The coronavirus has hit the behemoths of the retail world."
5. COVID-19 epidemic demonstrates value of flexible hospital space
Some rooms being repurposed for ICU care.
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New York leads the U.S. hotel construction pipeline at the close of Q2‘21
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Market Data | Jul 26, 2021
U.S. construction pipeline continues along the road to recovery
During the first and second quarters of 2021, the U.S. opened 472 new hotels with 59,034 rooms.
Market Data | Jul 21, 2021
Architecture Billings Index robust growth continues
AIA’s Architecture Billings Index (ABI) score for June remained at an elevated level of 57.1.
Market Data | Jul 20, 2021
Multifamily proposal activity maintains sizzling pace in Q2
Condos hit record high as all multifamily properties benefit from recovery.
