Economic Update | April 13, 2021

IMF Global Growth Forecast According to a recent growth 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%,...

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...

Economic Update | April 2, 2021

New Business Applications According to the Census Bureau, new business applications totaled a seasonally adjusted 423k in February, falling 13.4% month-over-month. Of the 423k applications, the Census Bureau estimates that 31k new business will eventually form over...

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

American Rescue Plan 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...

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...