California Could Extend Eviction Moratorium to January 2022
A California lawmaker wants to extend the state’s existing restrictions on multifamily evictions until January 2022. With state and federal protections for renters impacted by the pandemic set to...
View ArticleUS Retail Sales Drop 1.3 Percent in May as More Americans Venture Out
Retail sales in the United States dropped by 1.3 percent in May, as more Americans ventured back out to restaurants and the price of manufactured goods shot up. May saw total retail sales of $620...
View ArticleRetail Sales Drop 1.1% in July, But People Spending More Than Last Year
Retail sales experienced a summer slump last month, but people are still spending more than they did a year ago. American shoppers spent $617.7 billion on retail and food service sales in July, down...
View ArticleDelta Hampering Construction Industry Recovery: Report
The U.S. construction industry’s recovery from the height of the COVID-19 pandemic last year has hit a speed bump in late 2021, largely because of the delta variant. National construction spending...
View ArticleUS Retail Sales Slightly Rebound in August, After July Slump
Retail sales in the United States slightly rebounded in August after a summer slump in July, despite the spread of the delta variant around the country. August saw $618.7 billion in retail sales, a 0.7...
View ArticleDecron Properties Unloads a Home Depot in Los Angeles for $62M
Charing Cross Partners is further expanding its retail portfolio in Southern California after buying 111,624-square-foot Home Depot for $61.8 million. Decron Properties, which has been separately...
View ArticleUS Retail Sales Rise Again, Despite Delta Variant and Supply Chain Issues
Retail sales in the United States continued to rise in September, even amidst supply chain issues and the spread of the delta variant. Consumers dropped a total of $625.4 billion at retailers...
View ArticleSunday Summary: Bring Back That Leasing Feeling
The 100,000-square-foot-plus lease used to be no big deal. It’s not that this sized lease happened every single week, exactly, but if you look back at the week before lockdown orders were put in place,...
View ArticleSouthern California Rents Will Jump by Hundreds of Dollars: USC
Rent is too damn high and it’s only getting higher. The 2021 USC Casden Economics Forecast projects triple-digit dollar rent increases over the next two years for apartment dwellers throughout...
View ArticleRetail Sales Tick Up in October as Customers Start on Holiday Shopping
U.S. retail sales jumped from September to October, even in the wake of higher prices and supply chain issues, as customers got a head start on holiday shopping. October saw $638.2 billion in retail...
View ArticleMortgage Rates Slay Single-Family Market But Power Multifamily Development
Rising interest rates are killing the single-family housing market, which in turn is powering a multifamily construction boom at a level not seen since 1986. Nationally, permits to build multifamily...
View ArticleHalf of D.C. and NYC Residents Worked Remote in 2021
Half of D.C. and New York City residents fully embraced remote work during the height of the pandemic, something that has left a lasting impression on American work patterns, data shows. Nationwide,...
View ArticleHybrid Work Costing NYC Businesses More Than $12B a Year, Report Finds
Manhattan office employees are spending a whopping $12.4 billion less a year thanks to their hybrid work schedules, according to a Bloomberg analysis of Stanford University data. The average Manhattan...
View ArticleLA Is Losing More Residents Than Any County in the US
Los Angeles isn’t as popular as it used to be. It leads the nation with the most people leaving. There are 3,144 counties in the United States, but thanks to L.A. County’s crushing affordability...
View ArticleMixed Signals: Amid Economic Boom, South Florida Population Shrinks
Just about every economic data point says South Florida is booming. Blue-chip companies are moving in, unemployment is low, job growth is solid and demand for office space is robust. The list...
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