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E-Commerce is Challenging Commercial Leasing
April, 2017
by Karl Niehaus, President, CREI
Commercial Overview:
E-COMMERCE IS CHALLENGING COMMERCIAL LEASING, making companies like Sears & Macy's close stores. Payless Shoes will close 400 stores, Ralph Lauren will close its 5th Ave flagship & GameStop will close up to 225 stores, all because of online shopping. Having technology resistant tenants will be key for landlords going forward.
Economic Overview:
STRONG LABOR MARKET LEADING TO HIGHER INTEREST? The strengthening jobs market has been core to the Federal Reserve's debates on raising interest rates. As the economy approaches full employment, experts believe wage growth will start increasing, causing inflation to accelerate above the central bank's 2% target, arguing for rates to be lifted further. With another 98,000 jobs added in March and the current unemployment at 4.5%, the trend is leading that way.
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