World News
U.S. Demand for Architect Design Services Remains Strong in October
According to new data from the American Institute of Architects (AIA), architecture firms reported increasing demand for design services in October 2021.
Hong Kong Office Buildout Costs Rebound 9 Percent in 2021
According to JLL's Asia Pacific Fit-Out Cost Guide 2021/2022, Hong Kong's average cost of designing and building office workspaces has rebounded 9% year-on-year and is now back to the level prior to onset of the Covid-19 pandemic.
Home Listings Supply in U.S. Hits All-Time Low
According to national property broker Redfin, the number of homes for sale hit an all-time low during the week ending November 28, 2021. During that period, sustained demand pushed the median home price to another record high, and a third of homes sold in one week or less.
Vacation Home Demand in the U.S. Jumps 70 Percent Annually in October
According to national property broker Redfin, demand for second homes in the U.S. was up 70% from pre-pandemic levels in October 2021. This outpaced August's 48% gain but below January's record 91% growth.
Despite COVID, Manhattan's Office Market Enjoys an Uptick in October
Commercial property consultant CBRE is reporting this week that Manhattan ranked third among the 12 largest cities in the country for office market recovery in October 2021, with multiple measures of demand for space showing improvement.
