Industrial Watch: November 30, 2019
“Holiday spending is expected to rise 5 percent, but without the foot traffic. Already, 50 percent of consumers are flocking to get shopping done, especially since the holiday shopping season is six days shorter this year. However, 53 percent of holiday purchases will be done digitally in 2019, with 20 percent of that occurring on mobile devices. The average consumer will spend upwards of $500 on gifts this year, with the top five retailers including: Amazon, Walmart, Target, Kohl’s, and Macy’s. This growth can be attributed to low unemployment, increased wages, positive consumer confidence, and a partridge in a pear tree.”
-Adam Abushagur
I N D U S T R I A L N E W S
Can the Market Talk Itself Into a Recession? Some Fear Yes
GlobeSt – November 25, 2019
For Retailers On The Cusp Of Bankruptcy, Strong Holiday Seasons May Only Delay The Inevitable
BISNOW – November 24, 2019
CRE Industry Preps for New EB-5 Regulations
Commercial Property Executive – November 20, 2019
T E X A S N E W S
Two more industrial buildings on the way in Garland
The Dallas Morning News – November 22, 2019
Charles Schwab to move HQ to DFW from San Francisco after TD Ameritrade acquisition
Dallas Business Journal – November 25, 2019
East End Maker Space Taps Into Opportunity Zone For Mayor’s Complete Communities Initiative
BISNOW – November 19, 2019
M I D W E S T N E W S
Key take-aways: A commercial real estate outlook for 2020
Kansas City Business Journal – November 21, 2019
Groundbreaking Date Set for $1.7B St. Louis Campus
Commercial Property Executive – November 22, 2019