Commercial Real Estate & Business News – November 17, 2017

U.S. retail sales edged up slightly in the month before the holiday shopping season starts in earnest. Retail sales in October rose 0.1% over September, and were up 4.3% year-over-year, according to the National Retail Federation. The NRF numbers exclude automobiles, gasoline stations and restaurants…»
Incomes matter – Rental prices in some of the most expensive markets in the country often make headlines. Take San Francisco, our data suggests renting the average place here costs over $3,800 per month, an enormous sum by most standards. But the average SF household earned over $103,000 in 2016, a figure which grew $26,000 from 2013…»
The nation’s home builders may not be happy with the Republican tax plan, but they are seeing more buyers, and that is boosting confidence. A monthly reading of home builder sentiment rose two points in November to 70, according to the National Association of Home Builders. This comes after rising four points in October. Anything above fifty is considered positive sentiment…»
WASHINGTON, DC-Mall and shopping center landlords and the retailers that would occupy their properties don’t see eye to eye on a number of areas related to brick and mortar stores, says FTI Consulting. As many as 93% of landlords agree or strongly agree that new stores are critical to retailers’ sales growth, while just 61% of retailers would say the same…»
Lincoln Property Co. is developing a new 901,700-square foot speculative industrial and distribution development in Goodyear. Lincoln Logistics 40 will be a speculative project and have 40-foot ceilings. Developing a building with this ceiling height on a speculative basis is a first for the Phoenix commercial real estate market…»