With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million sq. ft. of distribution space just to handle the increase in online ordering in that timeframe.
According to new research by international property consultant JLL, global commercial real estate transaction volumes declined by 13% year-on-year in the first quarter of 2021.
International property consultant Knight Frank is reporting that Portugal, along with Spanish and Greek islands, have been declared safe for UK residents to travel to by the Foreign and Commonwealth Office (FCO). This comes after the European Union announced that it will open its door to vaccinated travellers from the start of June 2021.
International property consultant Knight Frank is reporting that urban house prices globally increased by 5.6% on average in 2020, up from 3.2% in 2019.
International property consultant Knight Frank is reporting this week that global residential prices are rising at their fastest rate in nearly three years. Prices increased by 5.6% on average in 2020, up from 5.3% in 2019.
Posted on July 10, 2020
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