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Citi Bike is New York City’s bike share system, and the largest in the United States. Citi Bike launched in May 2013 and has over 1,000 docking stations across Manhattan, Brooklyn, Queens and Jersey City. It currently has over 17,000 bikes in service. With the help of a $100 million investment from Lyft over the next 4 years, the number of bikes and miles serviced is expected to double to 40,000 and 35, respectively. While there are many different patterns across locals, tourist, age groups and genders one trend is clear, New York City has embraced Citi Bike and ridership is rising.

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January 15, 2021 / Real Estate

All Eyes on US Distressed Assets Into 2021

From Real Capital Analytics
A common theme in the media for December was that we lived through a horrible year in 2020 and that 2021 would be better for us all. Perhaps this sentiment will hold by year-end but the start has been chaotic. Conditions might become more distressing for commercial real estate investors throughout the year, a turn of events that some players are hoping to see.
January 15, 2021 / Business

Disney+ takes customer retention crown from Netflix

From Second Measure
As COVID-19 has forced movie theatres to close and spurred increased subscriptions to streaming services nationwide, Disney has doubled down on streaming by releasing new movies straight to Disney+. Our analysis explores customer acquisition and retention in the days before and after the release of Mulan (when this surcharge went into effect) as well as consumer behavior around other noteworthy Disney+ launches.
January 15, 2021 / Business

Home Improvement Deep Dive

From Placer
Where other retail segments struggled to come close to their 2019 visit rate, home improvement leaders surged to impressive year-over-year growth. Yet, some brands were able to leverage the powerful surge in customer demand better than others. In our latest Home Improvement 2020 Deep Dive whitepaper, we dove into the major shifts that shaped the industry during the pandemic and investigated which brands succeeded to adapt and profit. Below is a taste of what we found.
January 15, 2021 / Business

Apple has 5G! But How Fast is the iPhone 12?

From Ookla
Apple’s 5G-capable iPhone 12 is the latest step in the continuous cycle of new technical specifications, new network components, new (or refarmed) radio spectrums and compatible user equipment that aim to deliver enhanced 5G user experience.
January 15, 2021 / Real Estate

U.S. Foreclosure Activity Drops to 16-Year Low in 2020

From Attom Data Solutions
Foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 214,323 U.S. properties in 2020, down 57 percent from 2019 and down 93 percent from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005.
January 15, 2021 / Real Estate, Economy

Rent Debt & Racial Inequality in 2021

From Apartment List
The COVID-19 pandemic made housing affordability a persistent concern throughout 2020. And as we enter the new year, rent payments remain a financial obstacle for many families. According to our latest survey, 30 percent of renters did not make their January payment on-time at the start of the year. This is down just slightly from the mid-summer peak when unemployment was at its worst, but up significantly from historic baseline levels.
January 14, 2021 / Real Estate

European Apartment Investment at Record Share

From Real Capital Analytics
The biggest institutional investors into Europe’s commercial property market set a new record for apartment investment in 2020. Nearly 30% of total acquisition activity was focused on the residential for rent and student housing sector last year, according to Real Capital Analytics data.
January 14, 2021 / Business

Costco’s December and Mall Holiday Analysis

From Placer
Costco began 2020 with significant year-over-year growth in January and February, and a slight increase in March before seeing the effects of COVID take over in April. Yet, by July, visits were back to year-over-year growth even as visit durations increased giving the brand the combined benefits of more visits and more impactful visits, likely indicating larger basket sizes.
January 14, 2021 / Travel

Holiday Travel Update

From Placer
With COVID cases resurfacing just in time for the holidays, we took a look at several hotels and airports to see how the pandemic affected the country’s holiday travel plans. While showing signs of a recovery, overall airport traffic was still down significantly during the holiday season – one of the normal peaks for travel.
January 14, 2021 / Economy

Oxford St Footfall Trends Shows Recovery Getting Faster

From Huq
Foot traffic on London’s Oxford St paints a positive picture of what may come as pedestrian traffic touched pre-Covid levels between lockdowns ahead of Christmas. Having regained 80%+ of previous levels for much of the summer, the Indicator fell sharply during Lockdown #2 before peaking at 98pts ahead of Christmas on Dec 9th.
January 14, 2021 / Economy

Rail Traffic for the Week Ending January 9, 2021

From Association of American Railroads
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 9, 2021. For this week, total U.S. weekly rail traffic was 525,253 carloads and intermodal units, up 4.7 percent from the comparable week of 2020, which was Week 2 – ended January 11, 2020.
January 13, 2021 / Business

More J.C. Penney closures reported amidst pandemic.

From Unacast
J.C. Penney recently announced the closures of 154 stores across 38 states. We decided to look at the affected stores to find out how their human traffic patterns have been impacted by COVID-19 policies in their respective states.
January 13, 2021 / Economy

Pricing Barriers Challenge Manhattan Office Repurposing

From Real Capital Analytics
There is a line of thinking around the Covid-19 pandemic that developers can solve some of the problems caused by rising office vacancies in Midtown Manhattan. Developers are capable of amazing feats, but a stabilization of the office market will ultimately depend on a curtailment of the pandemic.
January 13, 2021 / Business

2020 Recap: How the Internet Held Up During a Global Pandemic

From Ookla
There was major concern last year that the internet might fail under the pressure of increased use as COVID-19 drove unparalleled waves of remote work and schooling. We watched internet performance carefully using data from Speedtest Intelligence® as conditions changed in different areas of the world. Now we’re back to assess what happened during the year as a whole.
January 13, 2021 / Real Estate

Serious Delinquencies Inch down

From CoreLogic
In October 2020, 6.1% of home mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), a small decrease from September 2020, but a 2.4-percentage point increase from October 2019, according to the latest CoreLogic Loan Performance Insights Report.
January 13, 2021 / Economy

Taking Stock of a Wild Year

From ALN Apartment Data
The COVID-19 pandemic and associated response measures made 2020 an unprecedented year in many ways. The resulting disruption to the economy and every aspect of life dramatically altered the status quo the multifamily industry had grown accustomed to during an unusually long business cycle. Entire books could, and likely will, be written on the topic. For this month’s newsletter, we’ll take a fairly broad view in an attempt to elucidate some general observations from the past year.
January 12, 2021 / Economy

Holiday Retail Recap

From Placer
It was a holiday season those in retail will never forget, however they might try. Just as many retailers were moving ever closer to 2019 visit levels, the COVID pandemic not only made its impact felt, but actually surged just prior to a critical Black Friday weekend.But, what did this mean for the sector as a whole?
January 12, 2021 / Economy

So Far in 2021: UK Ports Transits Down, Delays Increase

From Huq
In the nine days since the Brexit transition period ended, high-frequency data from Huq Industries shows journeys through UK ports down 26% on January 2020. At the same time, the time spent transiting through UK ports has risen 10% since December 31st to read 112.6pts.
January 12, 2021 / Real Estate

Rental Market: Tenant Mobility, Rents and Property Prices

From CoreLogic
Applications by prospective tenants for a rental home generally pick-up each spring. The President’s declaration of a national emergency on March 13 triggered Shelter-In-Place restrictions and disrupted the seasonal rise. By the end of March applications for rental homes were down 42% from the same period one year earlier.
January 12, 2021 / Travel

2020 Holiday Travel - Not Quite at a Standstill, but Lagging Behind Previous Years

From Yodlee
Even amidst an unprecedented pandemic, Americans still traveled for the holidays, just at lower numbers than usual. That’s according to Envestnet | Yodlee’s Income and Spending trends, as well as recent news reports. Airports saw depressed numbers for holiday season. According to the Transportation Security Administration (TSA), there were over 600,000 people screened at airport security checkpoints on Christmas Day, or roughly 23% of the number vs a year ago.