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Commercial Real Estate & Business News October 16, 2019

Few Economists See Downturn Despite Waning Growth Outlook Despite slowly waning GDP and employment growth, and frequent financial market volatility stemming from slowing global growth and the “As the World Turns” trade negotiations between the U.S. and China, most economists at last week’s National Association of Business Economists (NABE) meeting in Denver were sanguine about the prospects for the…»

Retail Market Webinar: Grocery, Fitness Emerge as Bright Spots
As e-commerce accelerates its sweeping disruption of the traditional U.S. retail industry, store tenants that offer experiences and use smaller spaces are driving demand for brick-and-mortar leases, according to a CoStar analysis. Tenants offering something to do rather than buy – think yoga studios, ax-throwing clubs and trampoline parks – are…»

Walmart Goes Head to Head with Amazon – Again
Walmart is now bringing groceries right to customer fridges in select markets. The discount giant has rolled out a pilot of InHome Delivery, a service that delivers fresh groceries and everyday items directly to refrigerators located inside customer kitchens or garages. Customers with eligible addresses in the Kansas City, (Missouri and Kansas), Pittsburgh, and…»

National Multifamily Report – September 2019
After months of continued increases, multifamily rent growth has now hit a wall-dropping $1 to $1,471 for the month of September. Despite year-over-year growth falling 20 basis points to 3.2 percent, the market remains healthy as 2019 has shown another year of above-average rents, according to a Yardi Matrix survey of…»

What Do Younger Renters Want in a Multifamily Community? Convenience Amenities and Hospitality-Like Service
The multifamily market has certainly evolved over the last several years. From the types of amenities renters demand, to an influx of new development, to rising competition, all these factors have an impact on property owners and the bottom-line profitability of a community. This is why today, more than ever before, it is extremely important for…»