Between SpaceX's rendezvous with the ISS next month and today's announcement by Planetary Resources to mine asteroids and build space "gas stations," one might get the impression that the future is nearly here.
The vacancy rate fell to 4.9 percent in the first quarter from 6.2 percent a year earlier, the New York-based property-research company said in a report today. It was only the third time since Reis began gathering the data 31 years ago that the rate was less than 5 percent.
When vacancies drop below 5 percent, "effective rents tend to spike as landlords perceive that tight market conditions allow for greater pricing power," Reis said in the report.
The more the world relies on smart machines, the more domestic wage rates become irrelevant for export prowess. That will help the wealthier countries, most of all America. ... The less manufacturing has to do with labor costs and relative wage levels, the greater the comparative advantage of the United States.