Work-From-Home Ends for Millions of Americans
Share of businesses with workers on-site most of the time neared pre-pandemic levels in 2022, Labor Department finds. A recent Wall Street Journal article by Gwynn Guilford reported on how rare working remotely has become, only a couple of years after the COVID-19...
Dick’s Bets on House of Sport
Dick’s Sporting Goods is trying to score with customers who want an engaging, hands-on in-store experience by pushing a big expansion of its House of Sport concept. Dick’s has been closing its remaining Field & Stream stores, with plans to convert some of...
Fiscal Retail Sales Up 9.4%
Recently released financial numbers for the year 2022 from retailers (most of whose fiscal years ended in January) shows that US sales were up 9.4%, not adjusting for inflation. However, even including inflation (which increased 6.4% in the past 12 months), retail...
What do Zillennials want?
They’re 30 million strong, they live at home and they are willing to tell you all about their spending habits. Is your marketing strategy geared for the Zillennial micro-gen? A recent Forbes article honed in on the Zillennials micro-generation, the hybrid population...
Major Developer Announces Second Project in Philly
One of the nation’s largest student housing developers and investors plans to build its second project near two Philadelphia universities. The first development is set to open this fall. According to a recent Costar.com article, one of the largest developers and...
Why Retailers Will Continue To Open Stores in 2023
According to a recent Forbes article, last year was a great year for retail real estate! By Q3, vacancy rates were down to 4.3% (one of the lowest rates in decades), driven by retail space demand and a scarcity of new development. Many new stores opened while mature...
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...By Rob Samtmann
Managing Principal of Equity Retail Brokers – Specializing in Tenant Representation and Leasing