Did You Know?

U.S. single-family rent growth increased 8.5% in July 2021, the fastest year-over-year increase in 16.5 years. (CORELOGIC)

 

 

Did You Know?

Google is buying a Manhattan office building for $2.1 billion, one of the clearest signals yet of big technology companies’ growing appetite for office space, even as these firms embrace remote work. The deal for the new building on Manhattan’s West Side is the most expensive sale of a single U.S. office building since the start of the pandemic—and one of the priciest in U.S. history. It is DOUBLE what they paid several years ago for their other CHELSEA building.....that has probably doubled in value since..... Globally, Alphabet held $55.9 billion worth of land and buildings as of June 30. Mc Donald's has around $30 billion in real estate....(WSJ)