The cost of hotel and motel accommodations in the U.S. surged 7.9 percent in June from a month earlier, the second-largest gain on record, according to the Labor Department.
Revenue per available room was up 5.7 percent last week compared to the same period in 2019.
Higher rents are the kind of price increase that’s hard to reverse -– unlike many of the ones that have accompanied the economy’s reopening, from lumber to used cars.
WMRE’s seventh annual industrial survey shows continued confidence in market fundamentals.
A largely successful vaccination drive and work-from-home fatigue have changed expectations on corporations' "return-to-office" timeframes and strategies.
Shopping centers continue to appeal to medical clinics seeking to increase market exposure and accessibility.
New equity sources are pouring into the big-box industrial sector, expanding an already crowded field.
