Economist: Retail sales are poised to drive recovery – Related Stories – ICSC SmartBrief.
Can’t wait for the housing market.
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Companies are talking about ‘recession’ less. Economic data helps explain why.
Josh Schafer – Reporter Wed, May 24, 2023 Wall Street has been waiting for a recession that hasn’t materialized roughly five months into the year. Executives at S&P 500 companies are talking about recessions less on earnings calls for the third straight quarter, per FactSet. S&P Global’s flash US composite PMI showed US economic output reached a 13-month high […]
Massachusetts Has the Tightest Vacancy Rate for Rental Properties
By Lynn Pollack | February 23, 2023 at 05:53 PM Massachusetts has the lowest vacancy rate of rental homes in a recent study, followed by Maine, Utah, Kentucky, and Montana. According to TexasRealEstateSource.com, utilizing US Census Bureau data, Massachusetts has the tightest vacancy rate for rental properties at 2.8%, followed by Maine at 2.9%, Utah at 3%, Kentucky at […]
New Norwood grocery store takes online ordering a step further
By Grant Welker – Projects Reporter, Boston Business Journal Jan 27, 2023 A new grocery store in Norwood takes the pandemic trend toward online ordering a step further. At Addie’s on Route 1, the entire 22,000-square-foot store is devoted to employees filling orders to be brought out to the cars of shoppers who ordered online. The timing may […]
America Needs More Immigration to Defeat Inflation
Consumer prices in the United States rose at an annualized rate of 7.7 percent in October, the ninth straight month above seven percent, thanks to still surging demand and stumbling supply. All eyes are fixed on the U.S. Federal Reserve to cool demand by hiking interest rates. But monetary policy has always worked with long and […]
The Surprising New Reason Why Employees Want to Return to the Office
There’s a new top reason why employees wish to return to the office: to focus on work. That was a somewhat surprising result from Gensler’s new 2022 U.S. Workplace Survey released this week, according to Janet Pogue McLaurin, global director workplace research, principal at Gensler. Gensler had conducted 11 surveys since the pandemic “and this […]
US Retail Rents Lead Sector’s Global Recovery
Retail rents in markets across the Americas now stand a whopping 15% above pre-pandemic levels, according to a new report from Cushman & Wakefield. The firm’s Main Streets Around the World report — Cushman’s first in three years — notes that rents across global prime retail destinations slumped 13% from before the pandemic to hit their lowest […]