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Companies still have way too much office space, and they can’t sell it
Collin Madden, founding husband or wife of GEM Actual Estate Associates, walks through vacant workplace area in a setting up they personal that is up for sale in the South Lake Union neighborhood in Seattle, Washington, May possibly 14, 2021. Karen Ducey | Reuters A couple of things we know about company real estate: it is a emphasis of charge-cutting for firms, but it truly is also likely the very last asset you want to provide now in a smooth market place. How comfortable? In accordance to Elizabeth Ptacek, senior director of current market analytics at industrial genuine estate details and analytics business CoStar, there is presently 232 million square…
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Home improvement companies could see increased sales after Hurricane Ian, Wells Fargo says
Hurricane Ian is barreling toward Florida after strengthening to a Category 4 storm, and analysts are forecasting billions of dollars in damages. Beyond the impact to human lives, storms of this nature also turn into economic events as people, towns and cities rebuild after extensive damage. Wells Fargo said Wednesday that retail names exposed to the housing theme could see a “possible uptick in 2H Home Improvement demand.” Analysts led by Zachary Fadem said that these companies, including those in the flooring and auto part industries, tend to benefit from hurricane preparation and clean-up activity. Fadem pointed specifically to Home Depot , Lowe’s , O’Reilly Automotive and Floor & Decor…
