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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

The worst results came from Lower Manhattan’s Broadway/Houston Street/Broome Street area, where average asking price per square foot tumbled 25 percent year on year. Study author Jerry Nickelsburg wrote that while retail “struggled” even during the pre-COVID economic expansion “the current recession tripled down on that struggle.”.

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Warehouse Space Going For Premium Rates

PYMNTS

Brick-and-mortar merchants are far from being free from the problems that plague their particular brand of retail, but even they have to look at online retail rising rents for warehouse space with a little bit of mirth. Of the 57 major retail markets studied, 37 of them posted decreases to warehousing availability.

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33 Ways Drones Will Impact Society: From Fighting War to Forecasting Weather, UAVs Change Everything

CB Insights

According to forecasts , the emerging global market for business services using drones is valued at over $127B. Fortunately, conservationists are adopting innovative methods to protect and study our global ecosystems. In addition to filming advertisements, drones are being used as physical mediums for marketing. Conservation.

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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

E-commerce sales growth is pulling ahead of total retail sales ( 17% vs. 6% for year-over-year in Q4’17), and Amazon is controlling upwards of 40% of online sales in the US, according to the US Department of Commerce and Slice Intelligence, respectively. ” — Alistair Davidson, CFO, Ikea. Its membership fee revenue grew 12.6%

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