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Market Insights May 26, 2016
I’m drafting this newsletter from Las Vegas, where the biggest retail real estate conference of the year, ICSC’s RECon is wrapping up, so it’s only appropriate that I focus this...I’m drafting this...
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Market Insights June 15, 2016
Once again recession talk is in the air, this time given loft by the weak May job growth figures. Nonfarm payrolls rose by only 38,000 in May, down from an...Once again recession talk is in the air,...
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Chicago: Losing Residents, but Gaining New Ground?
“Chicago, the only city among the nation’s 20 largest to see population loss in 2015, could be overtaken in a decade by Houston as the third-most-populous city if the trend...“Chicago, the only city...
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Panama Canal Expansion Will Take Time to Benefit East Coast Ports
After years of anticipation, the Panama Canal expansion opened June 26th. The expansion, originally budgeted for $5.4 billion, was completed two years behind schedule and significantly over budget....
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Market Insights June 29, 2016
As by now thoroughly reported in the global financial press, British citizens voted last week to “exit” the EU. The political significance of Brexit vote will likely be profound, but...As by now...
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The Millennial Impact
Millennials are the focus of much discussion on evolving trends in commercial real estate. While they crave the newest, fastest and most efficient technology, their lifestyles trend towards the...
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Philadelphia’s Next Wave of Development
Construction and development activity in and around Center City Philadelphia is robust. High profile projects like the highly anticipated Schuylkill Yards, FMC Tower at Cira Centre South, and Comcast’s...
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Chicago’s Industrial Vacancy Rate Falls Below 7 Percent
The Chicago metropolitan industrial market continued to thrive during the second quarter. Sixteen construction completions, many sizeable new leases and expansions, and continued consolidation of...
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Market Insights July 18, 2016: The U.S. Economy at Mid-Year
Two weeks in, the financial markets have joined the overwhelming consensus of economists and agreed that Brexit was not the grave threat to global prosperity suggested by market volatility in...Two...
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Market Insights August 1, 2016: GDP Disappoints
The ink was still damp on my mid-year outlook in my last newsletter when the government reported this past Friday its first estimate of 2Q real GDP at only 1.2%,...The ink was still damp on my mid-year...
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Heeding the Call: How to Select the Right Site for Your Contact Center
There’s a trend toward reshoring—companies bringing contact centers back home after having shipped them overseas. According to Mor Armony, an associate professor at New York University’s Stern School...
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Will Hanjin Bankruptcy Concerns Drive “Reshoring” in North America?
The recent news that South Korea-based shipping company Hanjin filed for bankruptcy protection sent shockwaves across the logistics industry. According to a Reuters article, the cost of shipping a...
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Market Insights September 8, 2016: More Muddling Through
Let’s recap events since we last published in early August and outline what we can expect for the economy this fall and into 2017. In a word, more: More mixed...Let’s recap events since we last...
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A New Era Part 3: The Impact of Tech/Creative Tenants on Office Leasing in...
The “new era” tech and creative companies—defined for our purposes as firms that have come online in the last 20 or so years, and have grown at substantial rates while...The “new era” tech and creative...
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Market Insights September 28, 2016: Where We Are Now
For all the recent breathless press hype surrounding this month’s Fed meeting, its outcome was hardly a shock: The Federal Open Market Committee elected to stand pat with interest rates...For all the...
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Market Insights November 1, 2016: Q3 GDP Advance Estimate
The biggest news last Friday (not involving the FBI) was that third quarter GDP was estimated at a relatively robust 2.9% annualized, its fastest pace in two years and twice...The biggest news last...
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Market Insights November 15, 2016: A Preliminary Outlook on the Economic...
Summary Any forecasts of impacts from the Trump Administration must be viewed as extremely preliminary, and the actual effects will ultimately depend upon the extent to which Trump’s campaign...
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Market Insights December 7, 2016: Ending the Year on A High Note
After seven and a half years of expansion, the economy is still chugging along. In fact, 2016 is drawing to a close with some of the strongest indicators of the...After seven and a half years of...
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Changes Ahead: Trump, the Aging Economic Cycle and Property Market Impacts
Between President-elect Trump, the aging economic expansion and implications for the property markets, it’s clear that changes lie ahead. In our State of the U.S. Market and 2017 Outlook,...
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Market Insights February 16, 2017: Starting the Year on a (Relative) High Note
In short: The economy is starting the year on solid footing, broadly (if not fully) recovered from the financial recession and continuing its uneven pace of moderate growth. After more...In short: The...
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