Room-nights were down about 43% in April compared with 2019 levels, he said, which was an improvement from March. The rebound was being led by domestic travel.
Google’s mobility data shows a sharp increase in travel to work in Tel Aviv during April, with numbers now close to their pre-pandemic baseline.
The pandemic has seen the e-commerce giant increase its logistics footprint by nearly 12 million sq. ft. across nine major Canadian markets.
SL Green’s skyscraper next to Grand Central Terminal has been lending new finance tenants.
A survey of 400 North American financial services executives found almost 80 percent want workers to spend four to five days in the office.
The company raised rents by 7.9 percent on new leases, the highest increase on record.
Nuveen Real Estate plans to offer its tenant firms everything from concierges to gyms to help refill its office buildings.
National demand for offices jumped 28% in March from the prior month and is now just 9% below pre-pandemic levels.
What became important to multifamily residents changed during the pandemic. Those choices are not likely to change even as things return to normal.
The bank said all U.S.-based employees will be in the office on a consistent rotational schedule by early July.