Over the last year, 384 million sq. ft. of new and existing industrial space available in the U.S. was absorbed, the highest 12-month total since 2018, according to Transwestern data. CoStar expects industrial absorption to remain above historic levels for the next three years.
President Biden has called on Congress to extend the eviction moratorium. The Durst Organization has announced it will fire any non-union workers that are not vaccinated against COVID-19 by Labor Day, one of a growing number of businesses making vaccination mandatory, reports Insider . These are among today’s must reads from around the commercial real estate industry.
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