Month: June 2020

Pending home sales staged a historic rebound in May. Los Angeles Times via Getty Images Pending home sales across the nation made a major comeback in May, seeing encouraging record-breaking contract activity after two previous months of declines brought on by the increasing impact of the coronavirus pandemic. The National Association of Realtors reported that
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Manhattan’s 12.5 million square feet of ongoing office construction spans 16 projects slated for completion over the next three years. Roughly 53% of that space is pre-leased. New construction and renovation projects in Manhattan are capturing most new leasing activity, dovetailing with a flight to quality among large tenants predating the pandemic. Office tenants already
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