Research

A deep dive into the statistics shows that food/coffee establishments are continuing to post strong growth, while retailers facing competition from on-line outlets have considerably contracted their respective footprints in the New York metro region.

The report notes that while several new large public works projects have came on line this year, the residential housing sector in the borough has accounted for more than 50% of the construction starts in the first nine months of this year.

The average American renting family cannot afford the holidays without $549 in savings, according to RENTCafé.

As it does the market must get ready for a “new normal” of changed renter demographics, according to a report by the Joint Center for Housing Studies of Harvard University.

On a more positive note investing conditions grew modestly stronger in many metro markets during the quarter compared to the preceding quarter, according to Freddie Mac.

While the trophy and Class A market downtown faces growing risks of oversupply, less than 10% of buildings with a contiguous available block greater than 20,000 square feet are of a creative nature, JLL says.

Statewide industrial development is firing on all cylinders and e-commerce has driven a larger than average footprint of warehouses built in the US since the early 2000s.

The Chinese city saw a 5.5% increase in costs, displacing London's West End as the most expensive office market.