Dees Stribling
Economy Watch: Tech Sector Driving Office Demand
So far in 2017, the top 10 cities for office absorption include several tech-focused markets, including Brooklyn, Seattle and Santa Clara, Calif., according to a new Cushman & Wakefield report.
Economy Watch: Nonresidential Project Planning Slows in September
While the Dodge Momentum Index has fallen for four consecutive months, that doesn’t necessarily indicate a turn in the building construction market, noted Dodge Data & Analytics.
Economy Watch: Nonresidential Sector Sees Employment Boost in September
This year’s hurricane season may help explain the growth in employment among nonresidential specialty trade contractors, who would have been hired to help with rebuilding efforts, noted Associated Builders and Contractors Chief Economist Anirban Basu.
Economy Watch: US Lost 33K Jobs Due to Harvey, Irma
The number of jobs lost in September compares to the average gain of 172,000 jobs per month over the last year, according to the Bureau of Labor Statistics.
Economy Watch: NYC Tops List of Amazon HQ2 Favorites
The city best fits Amazon’s public criteria for the selection prize, according to Anderson Economic Group’s recent AEG HQ2 Index. The retail giant emphasized its desire to be in a city with more than 1 million people and a stable business environment, to name a few.
Economy Watch: The Fastest-Growing Large City in 2016
Cities in Texas made the most appearances on Wallethub’s latest study, with the state capital topping the list of large U.S. cities with the fastest economic growth.
Economy Watch: Consumers Still Optimistic About U.S. Economy
During the first nine months of 2017, the University of Michigan’s sentiment index averaged 96.2, ahead of the 2016 and 2015 averages, making this year the highest recorded average since 2000.
Economy Watch: Real Estate Investment Off in First Half of 2017
Industrial was the only sector that saw an increase in total investment volume in the first six months of the year, Avison Young recently reported.
Economy Watch: How New Immigration Policies Would Impact CRE
Legislation revising the RAISE Act is set to significantly impact commercial real estate and corporate occupancy, both of which heavily rely on the changing dynamics of the labor market.
Economy Watch: Immigration Policy Changes’ Impact on CRE
Limiting the number of immigrants to the U.S. would exacerbate the labor shortages that several real estate-related fields are already facing, according to a recent Cushman & Wakefield study.