The Conference Board Employment Trends Index increased in January – the ninth consecutive monthly increase since May of last year. The index now stands at 99.27, up from 98.55 (a downward revision) in December. The index is currently down 10.0% from a year…
Once hailed as a hope for shopping centers and big box store owners under assault by the ecommerce boom, the conversion of retail spaces to warehouses has slowed in the face of growing local opposition. That is the observation of Cushman & Wakefield’s Tray…
A big, shining bright spot for the economy these days is industrial real estate, which finished 2020 strong and shows excellent prospects for 2021, according to a report from Cushman & Wakefield. The domestic industrial market finished the year with 89.8…
The National Retail Federation reports that retail sales during 2020’s November and December holiday season grew by 8.3% over the same period in 2019 to $789.4 billion, exceeding NRF’s holiday forecast despite the economic challenges created by the…
The annual Mastercard SpendingPulse holiday retail survey finds that sales were up by 3% for the extended period of Oct. 11 through Dec. 24, 2020. In the traditional holiday period between Nov. 1 and Dec. 24, sales were said to be up 2.4%. Steve Sadove,…
The Chemical Activity Barometer rose 1.1% in December on a three-month moving average (3MMA) basis, unchanged from November and October. On a year-over-year (Y/Y) basis, the barometer fell 1.1% percent in December. The unadjusted data show a 0.7% gain in…
Moody’s Analytics forecasts that industrial real estate will begin to suffer this year as the economy continues to struggle with the pandemic-driven blows experienced since early 2020. Also seen not doing well will be several of the other forms of commercial…
The National Retail Federation says holiday sales in November and December will rise 3.6% to 5.2% over 2019, to a total of $755.3 to $766.7 billion. The numbers (excluding car dealers, gasoline stations and restaurants, compare with a 4% hike to $729.1…