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Commercial Real Estate & Business News – December 6, 2021

Service-oriented businesses such as banks, retailers and drug stores grew in November at the fastest pace on record, a new survey showed, even as companies grappled with major shortages of labor and supplies. The Institute for Supply Management’s services…»
The year ahead is likely to see further improvement in commercial real estate markets as the economy continues to recover from the Covid-19 pandemic. There are both upside and downside risks to the outlook. Here are the top ten developments to follow, ranked in…»
The number of higher-income Millennials who are renting instead of buying a home is on the rise, says RentCafe. In fact, this age cohort is behind the recent boom in lifestyle renting. They saw a 20% rise in rental applications, more than any…»
Early signs point to a record holiday season for retailers. That’s according to National Retail Federation chief economist Jack Kleinhenz, who said 2021 holiday season appears to be on track to exceed the group’s forecast for record spending despite supply chain disruptions...»
In-store sales accounted for 64% of all retail transactions in September, highlighting the ongoing relevance of bricks-and-mortar locations as the pandemic wanes. Data from The NPD Group reveals that while e-commerce growth exploded during…»