Savills reports that Southeast Asia’s e-commerce sector is projected to develop at a compound annual growth rate (CAGR) of 34 percent to USD $102 billion by 2025, up from USD $5.5 billion in 2015. From 2016 to 2021, the total … Continue reading →
Midtown and Lower Manhattan are nine percent and one percent below their pre-pandemic retail spending levels and 35 percent and 36 percent below pre-pandemic restaurant and bar spending levels, with foot traffic still down by 23 percent and 18 percent … Continue reading →
FT reports that in Germany, house prices rose more than 60 percent in the past seven years. However, the German property market has stalled since the European Central Bank started raising interest rates last summer to tackle inflation. According to … Continue reading →
Lexology reports that on Jan. 21, 2023, the Arlington County Board amended the Arlington County Zoning Ordinance to allow a set of new uses. The amendment is part of Arlington’s Commercial Market Resiliency Initiative, which the county describes as “[a] … Continue reading →
In its quarterly UK commercial property survey for Q4-2022, the Royal Institution of Chartered Surveyors (RICS) reports that 83 percent of its respondents consider market conditions to be consistent with a downturn; 49 percent still consider this downturn to be … Continue reading →
Permits and notices posted at 3503 Fairfax Drive indicate that the entity Haly Group Inc. will open a franchise of bb.q Chicken at the retail space formerly occupied by Cosi. The space is located on the campus of FDIC’s L. … Continue reading →
The Boulder Group reports that between Q3–2022 and Q4–2022, single tenant cap rates increased to 5.95 percent (+9 bps) for retail, 6.95 percent (+15 bps) for office and 6.65 percent (+4 bps) for industrial. During the same time period, the … Continue reading →
Higher interest rates, persistent inflation and weak economic growth will contribute to more maturity defaults in 2023, according to Fitch Ratings. Fitch projects its U.S. CMBS loan delinquency rate will increase to between 4.0 percent and 4.5 percent by YE … Continue reading →
The average amount of inventory held by the 20 biggest U.S. public apparel companies was up by 26 percent compared with the 2019 (pre-pandemic) level, according to Insider Intelligence (citing analysis from AlixPartners). On Black Friday, indoor mall foot traffic … Continue reading →
Deal flow in Australia’s commercial property market fell by 24 per cent year-over-year to $16.4 billion, according to The Australian Financial Review. Third quarter office building investments dropped by 10 percent from a year ago to $7.9 billion and in … Continue reading →