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By December 2020, U.S. office vacancies increased 40 basis points to 14.2% and office-using employment fell 3.4%.
E-commerce fueled demand for industrial space causing rents to grow 4.8% Y-o-Y in December 2020 and sale prices to grow 7.8% over the course of the year. More new industrial space was constructed – 228.4 million square feet – than at any other time this century.
Continually seeking out strategic partnerships that offer clients unique opportunities, CommercialEdge and TenantBase have partnered to better connect
While there are many admirable aspects of the real estate industry, there are also a wealth of products that can only do part of the job.
Yardi recently announced the expansion of its suite of services for commercial real estate data and marketing with the acquisition and relaunch of CommercialSearch.com.
Undoubtedly, 2020 was an interesting year for nearly every industry in the world, and this was true for commercial real estate (CRE) leasing, as well.
Yardi® is pleased to announce the launch of CommercialEdge, an all-in-one platform that will enable commercial real estate professionals to research property data and active listings.