What I’m Reading
Ultimatum: In another sign that flexible work arrangements will become a job perk, twenty-nine percent of working professionals say they would quit their jobs if they couldn’t continue working remotely, according to an online survey of 1,022 professionals by LiveCareer, an online resume and job search consulting service. USA Today
Tied at the Hip: The performance of REITs with a high concentration of CBD properties largely hinges on employees returning to the office. Wall Street Journal
Hot Property: As more entrepreneurs and investors relocate from traditional tech hubs to emerging startup ecosystems, Miami—with its tropical climate, diverse population and lack of state income tax—has suddenly become a tech hot spot. TechCrunch
Finally, a Use: Public-health agencies and health-care organizations from Iowa to Florida are using some of the hundreds of closed Sears department stores to help with the nationwide effort to administer Covid-19 vaccines to millions of people. Wall Street Journal
Survival of the Fittest: From more emphasis on asset management, to reduced competition, to higher scrutiny of collateral and less reliance on back-leverage, the pandemic has changed the commercial real estate bridge lending space. Commercial Observer
Big Shift: About half of Americans (48%) at the end of 2020 said that, if able to live anywhere they wished, they would choose a town (17%) or rural area (31%) rather than a city or suburb. This is a shift from 2018, when 39% thought a town or rural area would be ideal. Gallup
Chart of the Day
Morgan Stanley expects US core inflation to climb well above 2% next year.
Source: @MorganStanley
WTF
Suckers: A man serving time for murder fooled California into paying him more than $10,000 in coronavirus unemployment benefits because Florida. TampaBay.com
Message Received: A man got jail time for sending dead rats to his ex wife because Florida. Local 10
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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