Big Boxes Adjust to New Market Realities
Some are expanding, while others are shrinking. Right now, the big box world is a tale of two markets. Properties housing essential tenants, like grocery stores, are hot. Properties with gyms and movie theaters are struggling. Assets with investment-grade tenants are...
Economic Update | April 13, 2021
• According to a recent forecast, the International Monetary Fund projects that the world economy will grow by 6.0% in 2021, followed by 4.4% in 2022. Their most previous estimates projected global growth to be 5.5% and 4.2%, respectively. The forecast was revised up...
Why Grocery Stores Are Headed For “Unique Growth” in 2021
The grocery sector continues to charge ahead, with major chains logging consistent weekly growth despite a relaxation of COVID-19 shutdown orders across the country. A new report from Placer.ai notes that while grocery was a strong performer during the pandemic...
Suddenly, Demand is Booming for Office Space
In February, the national VODI grew 29%, increasing by 13 points to 58. One year after the COVID lockdowns began, demand for office space is finally approaching pre-pandemic levels. The national VTS Office Demand Index (VODI), which tracks tenant tours, both in-person...
Economic Update | March 19, 2021
• President Biden signed into law the $1.9T American Rescue Plan Act, the third major fiscal stimulus legislation passed by Congress in response to the COVID-19 pandemic. Congress has now appropriated $6T in total relief to the public during this period. • The most...
Will Money Come Back into Gyms and Other Hard-Hit Sectors?
If sales for those assets increase, cap rates could move up. In 2020, the office and industrial sectors accounted for nearly 81% of the single-tenant net lease investment sales activity, according to the Stan Johnson Company Q4 Net Lease Market Snapshot. While...
New Phase I ESA Standard Coming in 2021
Brush up on the top 6 potential changes to the ESA Standard (ASTM E1527). When there’s a change that affects around 70,000 commercial real estate deals a year, it’s a big deal. This is about to happen in 2021. I’m talking about the Phase I Environmental Site...
CRE Gets Boost as Economy Adds 379,000 Jobs in February
Most of the job gains were in the leisure and hospitality sectors. The US economy showed its clearest sign yet of recovery with February’s unemployment report released this morning by the Bureau of Labor Statistics: Some 379,000 jobs were added to US payrolls last...
Economic Update | March 5, 2021
• One of the more publicized and contentious sticking points of the incoming-Biden Administration stimulus package is the potential inclusion of a $15/h minimum wage. • According to the Congressional Budget Office, a strictly nonpartisan Agency, raising the minimum...
CRE newcomer finds many benefits in mentoring program
When you start a career in commercial real estate (CRE), there’s nothing like getting that first commission. One thing that can speed up the process dramatically is having mentors around to guide a newcomer through the inevitable twists and turns. The mentoring...