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Economic Update | April 30, 2021

Economic Update | April 30, 2021

• The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near-daily increases. While the trend has started to re-improve, the current mark remains 4% above its recent low measured...

Q1 Was a ‘Turning Point’ For US CRE

Q1 Was a ‘Turning Point’ For US CRE

Sale listings increased and the average asking price per square foot rose 5.6% from Q4 2020. With the end of the COVID-19 pandemic (potentially) in sight, CRE activity is bouncing back, according to a new report from Crexi. The first quarter of 2021 “represented a...

Getting the message out: Marketing matters in CRE

Getting the message out: Marketing matters in CRE

Traditional, digital and strategic efforts help position SVN Commercial Advisory Group as the firm of choice Behind the successful advisors at SVN Commercial Advisory Group is a marketing effort that often goes unseen. But it’s an integral part of the process. I...

Big Boxes Adjust to New Market Realities

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

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

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

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

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?

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

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...