Monthly Archives: July 2018

Office-using employment drives Manhattan’s labor market, accounting for a growing share of jobs

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There’s been quite a buzz about a national unemployment rate of 4.0 percent, however less than one quarter of jobs across the USA are considered office-using – implying this historically tight labor market is impacting office fundamentals in some metros more than others.

Such is the case for New York,… Read More

Five ways fast food restaurants are updating their look

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Even in the world of online grocery platforms like Instacart and the focus on healthy eating, consumer demand for fast food remains strong.

Quick-serve restaurant (QSR) sales increased 12.5 percent in the U.S. from 2015 to 2018—the largest jump out of any category in the food and beverage industry.But while the demand for quick service dining holds strong, consumer expectations around their eating experience are changing quicker than you can say, “Do you… Read More

Times Square retail is on a roll

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•Times Square continues to show signs of prosperity as availability in the corridor dropped to 5.9 percent in the second quarter, the lowest of all submarkets tracked by JLL Research.

•The area benefited from the marked decrease in asking rents that has been observed city-wide; the current average of $1,833… Read More

Tech set to disrupt the construction industry

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The construction industry continues to tackle the challenges of rising construction materials costs, a skilled labor shortage and overall lack of productivity improvements, offering an expansive opportunity for disruption. Which means there’s a new darling for venture capitalists as they funnel an unprecedented amount of capital into Construction Technology.

A massive amount–$1.05 Billion—that’s the record number venture capitalists invested in global construction technology (ConTech) startups in the first half of 2018. Investment… Read More