With many people still working from home at least some part of the week, suburban retail has been a beneficiary.

At a time when New York towers are struggling with high vacancies and many workers are still remote, money managers are seeking trendier digs.

The private equity giant’s real estate unit has started its first-ever ground-up industrial developments, in Atlanta, Dallas, Denver and Orlando, Fla.

Capital costs are rising, but fundamentals remain strong and real estate is also benefiting as a hedge against inflation.

Despite the drop, REITs are outperforming the broader stock market and seem positioned to weather current economic challenges.

Sufficient power and water supply, as well as availability of highly skilled labor, are among the factors driving site selection.

Exclusive research shows high levels of bullishness for industrial real estate, although capital markets have begun to tighten.