Welcome back to the week, investors. In today’s commercial real estate news—a couple reports detailing retail properties and rental rates, as a well as a warning to the Federal Reserve about raising rates.
Take a Look at First Quarter Stats for Retail Real Estate
A short article covering Quantum Real Estate Advisors Inc’s findings regarding retail in the first quarter of 2017. In short, higher vacancies, higher rents, higher cap rates, and lower investment volume.
Another report, this time from Trulia exploring rental rates around the US. As rents rise drastically in some of America’s largest cities, millenials (and others) may more often consider living with roommates. On average, roomies can save renters 13% or more of their monthly income.
The Fed’s in ‘no man’s land,’ Jim Cramer Warns
After a disappointing jobs report, the Fed should proceed cautiously with their plan to raise interest rates three times this year, warned Jim Cramer. The economy added only about half of the jobs that were expected, but unemployment fell from 4.7% to 4.5%.