Real estate services firm CBRE reports that while in September of 2020, 39 percent of the office occupiers it surveyed expected to significantly shrink their office portfolios, by April 2021, that figure had fallen to 9 percent.
Red-hot demand from leisure travelers boosted a key lodging industry metric higher than it was during the same period in 2019, marking the first time since the pandemic began that U.S. hotels outperformed pre-Covid levels.
More than half of U.S. hospitality workers wouldn’t go back to their old jobs and over a third aren’t even considering reentering the industry, according to a survey that underscores hiring challenges for restaurants, bars and hotels.
Supermarket News released its latest ranking of the top 50 retailers by store count. A record number of Americans have been quitting their jobs in recent months, reports Insider. These are among today’s must reads from around the commercial real estate industry.
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