GlobeSt.com: In analyzing the data, what did you findwas the biggest surprise?
Sempere: There were a couple of things. I wasimpressed with the continued resiliency of the retail sector overthe past few quarters, although it's waning. Consumer spending isstill fueling the economy, but it seems to be slowing down, giventhe way July and August retail sales failed to meet economists'predictions. Our expectations are that there will be continuedslowing in retail, but it's not going to turn negative. Anothersurprise was the strong price appreciation in both the retail andthe apartment sector. In apartments, the year-over-year increasewas 5.5%, and it was 7.8% in the retail sector. Overall, I'msurprised that real estate continues to do as well as it does.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
