“January was the 88th consecutive month of job gains with over 200,000 jobs created. Unemployment remained at 4.1%, the lowest since 1999.”
As employment rates go up and wages continue to rise, we are seeing more capital going back into the retail sector, especially here in DFW. As investors, we like to see more money being spent as this will increase our tenants sales, our rents, and ultimately bring a higher sale price when the time comes.
Our clients are asking, are shorter term leases better because of this? Is now the time to sell? Should we restructure and hold? Give me a call and I will walk you through what we think the short-term holds for investors!
See the article below written by the Marcus & Millichap research team for a more detailed look into how rising wages will affect Commercial Real Estate Demand:
Rising Wages Set the Stage for Economic Acceleration, Expanding Commercial Real Estate Demand
Employment Research Brief- PDF
Below are a few articles that I found interesting this week:
Retail jobs up by 11,000 in January
Kale to Go: Amazon to Roll Out Delivery at Whole Foods
Retail Industry Expects More Sales Growth In 2018
Dunkin’ Brands has big expansion plans
Shopping center rents, income and occupancy rose in 2017
Dallas-area developers are waiting for Amazon to call
Growth Leads To Yet Another Development
Kroger to sell convenience store business in $2.15 billion deal
A Once Controversial Development Gets Another Chance in Plano
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.
Tim Lepore 