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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

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%,...

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...