The Transforming Office | Rethinking Vacant Downtown Offices: A Creative Approach to Repurposing Space
By Cameron Williams, Director of Research, SVN International Corp. Downtown office vacancies continue to climb, with a significant portion of the workforce operating remotely. The trend away from traditional office usage is reflected in a projection that office...
ECONOMIC UPDATE 1.26.2024
Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The estimate surpasses the consensus projection of 2% and follows a 4.9% growth rate in Q3, bringing total 2023 US GDP to 2.5% compared to 1.9% in 2022.
ECONOMIC UPDATE 1.5.2024
1. DECEMBER JOBS REPORT US nonfarm payrolls increased by 216,000 in December, above November’s growth of 173,000 jobs and exceeding the consensus estimate of 170,000 according to the Census Bureau’s latest employment report. Meanwhile, initial jobless claims fell...
ECONOMIC UPDATE: Q4 by SVN RESEARCH
1. WEWORK BANKRUPTCY, CRE IMPACT • On November 6th, co-working trailblazer WeWork filed for Chapter 11 bankruptcy, bringing additional unease to an office sector battered from the residual effects of the remote-work revolution. • Over the previous decade, including...
Fueling Success: Timber Stoves’ Growth Story and Family Legacy
Traeger is a household name in the wood pellet barbeque world and most know the success story that began in Mt. Angel, Oregon. Founded in 1987, the company was sold in 2007. In 2010 began the next chapter in the rich history of this family when Tyson Traeger, founded...
SVN Shopping Mall Snapshot
The shopping mall once considered the pinnacle of consumerism, has been a much-maligned retail class over the past decade. In a 2017 Credit Suisse report, it was predicted that 1 in 4 malls would be closed by 2022. Ironic that most malls have outlasted that bank....