Seven Must Reads for the CRE Industry Today (May 18, 2021) Rising rent prices could contribute to stronger long-term inflation trends, according to the Business Insider. Commercial Observer looks at how proptech boomed during the pandemic. These are among today’s must reads from around the commercial real estate industry.
Rent’s Big Comeback Could Be the Thing That Makes Stronger Inflation Permanent “Rent prices tumbled at the start of the pandemic and are only just now on the rise. But where inflation in other pockets of the economy is expected to cool off, rent might just keep climbing. The Federal Reserve, Biden administration officials, and much of Wall Street see elevated overall inflation eventually moderating as the economy settles into a new normal.” (