Author Archives: marcusmillichap

Hessam Nadji is…

Confident Consumers Trigger Retail Sales Growth

  Follow us:  Research Brief February 2017 RETAIL SALES Developing Trends ■ As e-commerce has grown to represent 12 percent of retail sales, the two largest retailers are pursuing different strategies to drive revenue growth. Wal-Mart recently acquired Moosejaw, which follows the 2016 purchase of, in order to drive more traffic to its web […]

Hiring Bounces Back in January, Offers Upbeat Commercial Property Outlook

  Follow us:  Research Brief February 2017 EMPLOYMENT Developing Trends ■ Employers added 227,000 positions last month, a notable increase from the average of 148,000 jobs created monthly in the fourth quarter last year. Consumer-oriented employment sectors stood out in January, with retail, healthcare, and leisure and hospitality adding a combined 104,000 workers during the […]

Single-Family Housing Supply Falls to Record Low, Tight Market Strengthens Apartment Demand

  Follow us:  Research Brief January 2017 HOUSING Developing Trends ■ The available existing single-family homes for sale reduced to just 3.6 months of supply in December based on the current sales pace, an all-time low. With steady demand for homes and inventory tightening dramatically during the year, existing single-family home prices edged up 3.8 […]

Employment Momentum, Accelerating Wages Support Real Estate Performance Outlook

Follow us:  Research Brief January 2017 EMPLOYMENT Important Factors ■ December employment growth of 156,000 jobs moderated from the pace seen through much of 2016. Yet, given that the economy is approaching full employment, job creation above 100,000 positions per month is more than enough to match labor force growth. ■ Education and health services […]