11 Must Reads for the CRE Industry Today (July 23, 2021) Demand for apartments and single-family rentals is rebounding and rents are rising, potentially driving inflationary forces, reports The New York Times. Instacart plans to start building fulfillment centers for supermarkets, according to The Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Rising Rents Threaten to Prop Up Inflation “As people move out on their own again or return to cities and office jobs, and as existing renters find they can’t afford to buy a home in a booming housing market, demand for apartments and single-family rentals is rebounding and even looking hot in some places. Rents last month rose 7 percent nationally from a year earlier, Zillow data shows. While that was measured against a weak June 2020, the gain was also a robust 1.8 percent from May.” (