The U.S. economy added 134,000 jobs in September, the lowest one-month gain since September 2017. However, the growth in August was revised from 201,000 to 270,000 jobs, which nets to a two-month average growth of 202,000 jobs.
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For guidance on the apartment market, we often use employment growth as the best gauge for apartment demand and rent growth. One overlooked variable that deserves some consideration, however, is wage growth. Rent growth should be tied as much to wage growth as it is to employment growth, but is it?
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With the additional closings of Sears and Bon-Ton department stores, the third-quarter U.S. mall-vacancy rate hit its highest level in seven years — but don’t sound the alarm bells about the state of brick-and-mortar retail.
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Retailers are anticipating a strong holiday season, boosted by a healthy economy and burgeoning consumer confidence, but an intensifying slump among shopping mall operators shows not all are benefiting from the recovery.
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A lack of new construction helped offset rising vacancy rates resulting from the closings of some department stores in the third quarter, allowing landlords to raise rents, according to Reis.
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J.C. Penney’s new CEO Jill Soltau spent Tuesday and Wednesday meeting with small teams and holding a big huddle with the corporate staff in Plano.
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U.S. retail vacancies were 10.2 percent in the third quarter, with the mall vacancy rate jumping to 9.1 percent.
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U.S. office vacancy rate was unchanged at 16.6 percent in the third quarter, according to real estate research firm Reis Inc.
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Dubbed the “Affordable Housing Act,” Proposition 10 is one of the hottest ballot fights in the Nov. 6 election, with more than $50 million in campaign donations so far — almost three-fourths of that donated by landlords large and small to No on 10 campaign committees.
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Las Vegas apartment rents are growing at one of the fastest rates in the country, and the vacancy rate is lower than most, a new report shows.
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