Total retail sales are now once again strong, just like a faucet running at full flow. Depending on the type of goods being sold, however, the temperature of sales ranges from hot to cold. Total real (inflation adjusted) retail and food service sales were up 4.4 percent in October 2020 versus one-year ago, as shown …Read more
This roller-coaster pandemic-altered economy is generating a smoke screen on the underlying fundamentals of the commercial real estate market. While Jobs are everything to an economy, the U.S. is still short from where it was in February of this year. While the housing market has boomed (since we have so much time at home), the …Read more
Retail sales (including food services) dominate the U.S. economy typically making up 70 percent of Gross Domestic Product (GDP). GDP is essentially the value of all goods and services produced. Retail sales plunged 20.7 percent from February 2020 (baseline prior to the Coronavirus impact) to April 2020, but has since recovered to an all-time record …Read more
Jobs are everything to an economy. Period. They create effective demand for real estate – residential and commercial — enabling not just the need and want but also the ability to pay. The U.S. just posted the largest drop in jobs in history in April 2020, shedding 22.16 million workers –which in turn triggered a …Read more
Dr Glenn Mueller’s Q1 2020 Real Estate Market Cycle Report just arrived. Under normal circumstances, this timely report allows the latest purview in just eight pages of 54 commercial markets across the country for apartment, Industrial, office, and retail properties. Now, given the massive economic erosion in many markets across the country since the second-half …Read more
In addition to the medical and humanitarian aspects of the Coronavirus, the economic impact is momentous, unlike anything seen in our lifetimes. As of the end of February, less than 6 million of the U.S. total 164 million workforce were unemployed. That has exponentially exploded to more than 26 million today — with no slowing …Read more
This quarterly Must Read report for commercial real estate professionals was just released. Dr. Glenn Mueller’s Real Estate Cycles Q4 2019 report provides a concise overview of office, apartment, retail, and industrial commercial real estate markets across the country for 54 major metros based on almost 300 models tracking occupancy and rental rates. Hotels were …Read more
This quarterly Must Read report for commercial real estate professionals was just released. Dr. Glenn Mueller’s Real Estate Cycles Q3 2019 report provides a concise overview of office, apartment, retail, and industrial commercial real estate markets across the country for 54 major metros based on almost 300 models tracking occupancy and rental rates. Hotels were …Read more
This is a Must Read quarterly report for those in commercial real estate For me this is the most timely quarterly information regarding Commercial Real Estate — Dr. Glenn Mueller’s Real Estate Cycles Q2 2019 report. The report contains timely and valuable information for office, apartment, retail, industrial and hotel commercial real estate markets …Read more
Location-Location-Location is the phrase when it comes to real estate. In a global market, being in the proper location can be a make-or-break proposition. Where a firm offices is akin to a hallmark to customers. Location in an office market is a statement of who their customers are (or customers they want), the type of …Read more