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This Week's Chicago Deal Sheet (April 4, 2021)

One year after the start of the coronavirus pandemic, the Chicago-area industrial market’s vacancy and rental rates have nearly returned to pre-pandemic levels, according to a new report from Newmark.
Although the industrial sector took a hit in the first few weeks of the crisis, it began climbing back once the shock wore off and tenants saw increased demand from homebound consumers purchasing goods online. Many resumed signing leases, sending vacancy down to 6.2% in Q1 2021, a decade low, and recently have shown a willingness to pay more for space.
Courtesy of Newmark
“This sentiment of only a slight dip in the market as opposed to a full long-term stop is reflected in the rental rates on transactions completed during the pandemic,” according to the Newmark report. ....

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The best way to wear face masks, according to new CDC recommendations

The best way to wear face masks, according to new CDC recommendations
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CDC on Wednesday updated its recommendations on how Americans should wear face masks to protect themselves against the novel coronavirus, calling on people to now wear two masks or one tightly fitting mask.
CDC issued the new recommendations based on findings from a new
Morbidity and Mortality Weekly Report, in which CDC researchers found that people can reduce their exposure to the novel coronavirus by using certain methods to improve the fit of their masks.
One of those methods involves wearing a cloth mask over a surgical mask, which is known as double masking. CDC researchers found that, when both a source and receiver were double masked, the cumulative exposure of the receiver to potentially infectious aerosols dropped by 96.4%. ....

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