Commercial Real Estate & Business News – October 15, 2021
Yardi: Asking Rents Rise 11.4% YOY, Monthly Growth Moderates Slightly at $16 Asking rents rose by 11.4% year over year at the national level in September, while the national average rent rose to an all-time high of $1,558, up $16 from August and 11.1% this year to date through three quarters. While this…» Industrial Hits […]
Commercial Real Estate & Business News – October 14, 2021
Kush: I Can’t Support Scottsdale’s General Plan Update During my many years of service on the Scottsdale Planning Commission, there were several meetings where city staff updated us on the progress of the revised general plan and asked us for our comments.City planning staff put in untold hours of…» Industrial Growth: Too much, Too Little […]
Commercial Real Estate & Business News – October 13, 2021
ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy gifts earlier, a development that would support retail property values in the pandemic.ICSC released on […]
Commercial Real Estate & Business News – October 12, 2021
More Than 20,000 Apartment-Conversion Units are Slated to Deliver This Year. A Growing Number are in old Office Buildings. The Covid-19 pandemic didn’t invent the real estate conversion model. Buildings have been retrofitted into new uses for generations. But it did, apparently, accelerate the popularity of the model, especially conversions into apartments. A recent report […]
Commercial Real Estate & Business News – October 11, 2021
Kroger Looks to Add Another 20,000 Associates With the holiday selling season up ahead, The Kroger Co. is doubling down in its second nationwide hybrid hiring event. Cincinnati-based Kroger said Wednesday that it aims to hire 20,000 associates in virtual and on-site interviews across…» There is a Severe Shortage of Rental Housing at Every Price […]
Commercial Real Estate & Business News – October 8, 2021
With ‘Revenge’ Buying, Shoppers To Boost Holiday Spending 25%, JLL Survey Finds Shoppers will be making up for the spending they missed out on during the pandemic by jacking up their holiday-gift budgets about 25%, according to an estimate by real estate firm JLL that holds promise for retail property owners.“Revenge shopping, the phenomenon where […]