Consumer Behaviors of 2022 That Will Impact 2023 Retail
A recent Forbes article discusses some of the opposing forces that consumers faced in 2022, including high savings driven by government stimulus versus the high inflation that dug into both wage gains and savings; the low unemployment versus tech hiring freezes and...
NJ Developer Enters Philly with Two New Projects
Sitework Already Underway on 404-Unit Development in Northern Liberties Neighborhood New Jersey-based developer Accurate is entering the urban Philadelphia market with a pair of new residential projects getting underway and a third property under contract. Accurate...
Inflation is Easing its Grip
The price of gasoline is dropping like a rock. Chicken wings are suddenly a bargain. And retailers drowning in excess inventory are looking to make a deal. After more than a year of high inflation, many consumers are finally starting to catch a break. Even apartment...
It’s Looking Good For The Holidays!
Retail Sales Jump Retail sales were up 1.3% for October (seasonally adjusted) from September, indicating that consumers continue to spend despite rising prices. Many retailers, including Walmart, Amazon and Target, started early holiday sales in October, giving...
Real Estate Matchup Between Astros and Phillies
A World Series between the Houston Astros and Philadelphia Phillies is also a matchup of two of the country’s most important commercial real estate markets. Those baseball teams play in the fourth- and sixth-largest U.S. cities, located along key shipping ports, and...
For Halloween Shopping, Consumers Prefer Specialty Store Haunts
National Retail Federation Expects Record $10.6 Billion in Spending on This Year’s Holiday Specialty Halloween stores will be gobbling up a lot of sales this year, according to the National Retail Federation as it predicts a record $10.6 billion in spending...
Conscious Consumerism: As Black Friday Wilts, Green Friday Sprouts
Not so long ago, Black Friday was a day to be anticipated and celebrated. After Americans stuffed themselves on Thanksgiving, they went in search of stuff to buy the day after. People camped overnight outside stores to take advantage of the doorbuster specials....
Top Economist Expects Inflation to Cool
Geopolitics, The Fed and COVID Policies Will Decide Economic Future According to economist Bernard Baumohl, one of the top questions pending for the fate of the U.S. economy and the hotel industry is just how far the Federal Reserve is willing to push its plan to...
Philly Update: Thousands of Comcast Employees Are Returning
Comcast workers are back in Center City. Their return is ‘flexible’ — but it’s already rejuvenating downtown The return of Comcast employees to the office signals a noteworthy moment in Philadelphia’s pandemic recovery, bringing thousands of people back into Center...By Rob Samtmann
Managing Principal of Equity Retail Brokers – Specializing in Tenant Representation and Leasing