The past two and half years have been the most tumultuous time for the rental market in recent memory. Much of that tumult can be traced back to the way that the pandemic has changed the ways that we live and work. In the earliest phases of the pandemic, many of the nation’s large cities saw sharp rent declines as a subset of renters with newly remote working arrangements moved away from expensive downtown areas that had temporarily lost their vibrancy, in search of more space in the surrounding suburbs. At the same time, widespread job losses also forced many workers to give up leases they could no longer afford.
With many employers still struggling to bring workers back to the office, we took a look at September 2022 office foot traffic data to find out where the workplace recovery stands heading into Q4 2022. Over the past couple of months, New York City office workers have consistently outpaced both the nationwide and other major cities in both year-over-three-years (Yo3Y) and year-over-year (YoY) monthly office foot traffic numbers.
Fixed broadband internet reached 86% of households at the end of 2021 in the U.K., and most customers have access to speeds of at least 30 Mbps. While seven large internet service providers (ISPs) dominate the United Kingdom fixed broadband market, the competitive landscape is vibrant, hosting dozens of alternative providers (AltNets). The U.K. fibre market also attracts new funding, which allows alternative providers to expand their fibre footprint. In fact, Ookla Speedtest Intelligence® data reveals smaller providers are sometimes the fastest across a few cities and counties.
In our recent collaboration with RW3 Culture Wizard, we take a look at remote work and its implications. An analysis of employee sentiment data finds that positive reviews mentioning remote work still greatly outnumber negative reviews. Not surprisingly, the number of positive reviews with remote mentions increased dramatically at the beginning of 2020.
These Indexes analyze data from more than 100 top-tier indoor malls, 100 open-air lifestyle centers (not including outlet malls) and 100 outlet malls across the country, in both urban and suburban areas. Placer.ai uses anonymized location information from a panel of 30 million devices and processes the data using industry-leading AI and machine learning capabilities to make estimations about overall visits to specific locations. A confluence of factors, including ongoing economic headwinds and a challenging comparison to a uniquely strong 2021 Back to School shopping period, positioned shopping centers for a challenging summer season.
European travel retail stands to benefit from the return of affluent American travellers to the continent, while the recovery of multi-destination trips is another positive development for the sector. The easing of entry requirements throughout Europe comes as a relief to the entire travel industry – not least the travel retail sector, which relies on the steady flow of wealthy travellers through airports. As a result of Europe’s reactivation, both intracontinental and long-haul inbound travel are recovering well.
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through August 2022 with forecasts through August 2023. CoreLogic HPI™ is designed to provide an early indication of home price trends. The indexes are fully revised with each release and employ techniques to signal turning points sooner. CoreLogic HPI Forecasts™ (with a 30-year forecast horizon), project CoreLogic HPI levels for two tiers—Single-Family Combined (both Attached and Detached) and Single-Family Combined excluding distressed sales.
A combination of inflation, changing consumer tastes, and inventory challenges have reportedly hit clothing companies hard in 2022. In fact, several fashion retailers—including Abercrombie & Fitch Co. (NYSE: ANF), American Eagle Outfitters (NYSE: AEO), and Urban Outfitters, Inc (NASDAQ: URBN)—missed revenue estimates in their second quarter earnings reports. We analyzed consumer spending trends at these fashion retailers, as well as competitor Aeropostale Inc, to see how sales performance, average monthly spending per customer, and ecommerce trends fared in recent months and compared to before the pandemic.
Following Party City Holdco Inc’s (NYSE: PRTY) FY22 Q2 earnings beat, the company announced its hiring of 20,000 additional workers, anticipating a busy Halloween in 2022. Bloomberg Second Measure’s consumer transaction data shows that Party City Holdco Inc.’s U.S. sales increased year-over-year in October 2021, but are yet to reach pre-pandemic levels. Additionally, we found that the average October sales per customer at Party City Holdco Inc increased during the pandemic.
Our latest white paper draws on Crexi’s commercial real estate data insights and Placer.ai’s foot traffic intelligence to show how recent migration trends and overall population growth are uniquely impacting the local retail space in six growing cities. Below is a taste of our findings. To find out which up-and-coming markets made the cut, what is driving retail recovery in each area, and unique ways CRE players can capitalize on these changes
Cable and Satellite services have invested heavily in NFL add-on packages to allow viewers access to non-local games. But with Amazon and DirectTV locking up Thursday night games and other digital platforms offering alternatives for Sunday and Monday, has streaming finally started an incursion onto one of the last remaining traditional TV bastions? In today’s Insight Flash, we examine football’s impact in previous seasons on satellite and streaming subscriptions, looking at the timing of new customer adds, retention post-sports season, and specific package enhancements.
Advertisers build their strategies based on current events. When online gaming grew in popularity during the pandemic, some advertisers allocated more of their budget to YouTube’s gaming channels. The rising cost of buying cars led advertisers for new and used dealerships to do the opposite. Advertisers for firearms and accessories companies are no different. Given the divisive nature of their products, however, these advertisers walk on a thinner sheet of ice. What does firearms advertising look like in 2022? Have the headlines and a push for gun reform impacted spending? We looked at our data to find out.
The Summer of 2022 has been punctuated by the escalating cost-of-living crisis which led to a variety of appeals for higher pay. Commuters suffered from the disruption of nine days of national train strikes between June and August. These strikes followed a pandemic that transformed how commuters use public transport, with many now preferring the flexibility of hybrid working. So, how much impact did these strikes actually have? We turned to our real time consumer spending data to run some analysis on the decline in passenger transactions over the period and to look at the wider impact of the strikes on the high street.
iPhone 14 series pre-order and preliminary sales showed: 1) similar performance as iPhone 13 series with slight year-over-year decline; 2) standard models have seen significant decline while Pro series achieved sizable year-over-year growth. iPhone 14 Pre-Order Performance (7-day pre-order sales during September 9-15) Sandalwood e-commerce data showed 7% y/y sales volume growth for iPhone 14 series on Tmall compared to iPhone 13 series during the 7-day pre-order period. Sales value also grew 17% y/y.
Few things are as iconic as the American diner, serving up plates of pancakes and eggs. Over the past few decades, this dining concept has evolved from local stand-alone establishments to regional and national chains. Inflation and other macro headwinds have put pressure on restaurant visitation trends the past several months, but full-service breakfast chains have outperformed the industry. We catch up with several breakfast and brunch restaurant leaders and take a look at how they are positioning themselves as an affordable luxury and leveraging their knowledge of their customer base to succeed.
Three pieces of good news broke in Asia last week that, although not providing an immediate impact on global airline capacity, will in the coming weeks help several airlines and airports in the region rebuild capacity. Of course, pressure will be building for China to relax its travel restrictions as Japan removes visa requirements, Hong Kong ended mandatory Covid-19 hotel quarantine for international arrivals, and Chinese Taipei relaxes regulations. This has to be a good news week in Asia.
In this alternative review of the summer 2022 travel season, Juan A. Gomez, Head of Market Intelligence at ForwardKeys, poses the question, “How would European travel recovery have evolved without the airport chaos and flight cancellations?” Following some setbacks at the beginning of the year – namely the emergence of the Omicron Covid variant and the escalation of the Russo-Ukrainian war – travel recovery in Europe appeared to be firmly on the right track heading into summer.
One emerging use case for Consumer Edge data is better understanding real estate investments, both for real estate investors and for companies looking at the best other tenants to position themselves with. In today’s Insight Flash, we illustrate how either of these groups would think about a potential location strategy based on which subindustries are growing fastest locally, which other tenants are most likely to be cross-shopped, and which businesses are retaining their in-store appeal.
Miami’s tourism sector has been on a serious upswing for the past few years. The city, and wider state of Florida, saw higher-than-nationwide average visits throughout the course of the pandemic. Driven in part by loose COVID restrictions, tourism was up nearly every quarter since the pandemic began, and these trends are only accelerating now that international travel is returning and airport staffing challenges slow down.
The recent wave of climate action plans, including the Inflation Reduction Act (IRA) and California’s ban on gas-powered cars, is likely to accelerate the automotive industry’s transition to electric vehicles (EVs). This week, we take a look at current trends in EV engineering jobs to better understand traditional automakers’ green transition. The job postings of traditional car manufacturers for engineers reveal that the demand for positions with specialization in electric vehicles has increased considerably.
