1. BLACK FRIDAY ACTIVITY • According to data from Mastercard’s SpendingPulse indicator, US Black Friday sales (excluding automotive sales) were up 3.4% this year compared to 2023. • Online retail sales rose 14.6%, while brick-and-mortar stores rose by a more modest...

1. 2025 COMMERCIAL REAL ESTATE OUTLOOK • According to Deloitte’s 2025 look-ahead, the current outlook for Commercial Real Estate is dominated by expectations surrounding global interest rates, renewed revenue sentiment, and the potential for industry-wide shifts in...

1. EMERGING TRENDS IN REAL ESTATE • Investors and developers should expect an upturn in fate for the commercial real estate industry as post-pandemic disruptions abate and positive cyclical forces reemerge, according to ULI-PwC’s Emerging Trends in Real Estate (ETRE)...

1. ECONOMIC ACTIVITY REMAINS STEADY • According to the October 23rd release of the Federal Reserve’s Beige Book Summary of National Economic Activity, activity has changed little in nearly all districts since early September, though two districts have reported modest...

1. SEPTEMBER JOBS REPORT • The Bureau of Labor Statistics (BLS) reported that the US added 254k jobs in September, drastically defying expectations following a summer of worsening labor market conditions. • The consensus forecast from economists heading into the data...

1. FED INTEREST RATE CUT • The Federal Reserve cut its primary policy interest rate by 50 basis points (bps) in September to a target range of 4.75%-5%, the first interest rate reduction since policymakers began their fight against post-pandemic inflation in March...