Page 11 - Market Trends_Mid Year 2021_Advantage Commercial Real Estate_Flipbook_Neat

ADVANTAGE COMMERCIAL REAL ESTATE 11
2021 MID-YEAR MARKET TREND REPORT

TITLE
TITLE
CHANGE IN JOB OPENINGS AND APPLICATIONS
TITLE
Source: Labor Department $13.07
abor Department
Source: L
Source: ICIMS
abor Department
Source: L
100%
100%
100%
40%
orking or seeking work
Working or seeking work
W W orking or seeking work NNN
20%
80%
80%
80% Openings WEIGHTED AVERAGE
LEASE RATE
0%
60%
60%
60%
Applications
-20% Non-farm payrolls
-40%
40%
40%
40%
40%
JUN ’20
OCT ‘20
FEB ’20
DEC ‘20
APR ‘20
JUN ‘20
APR ’20
APR ’20
FEB ‘21
OCT ‘20
FEB ‘21
DEC ‘20
DEC ‘20
OCT ‘20
AUG ’20
JUN ‘20
UG ’20
FEB ‘21
UG ’20
FEB ‘20
FEB ‘20
FEB ‘20 APR ’20 JUN ‘20 A A AUG ‘20 OCT ‘20 DEC ‘20 FEB ‘21
TITLE
JOBLESS CLAIMS FALLING FASTER IN STATES WITH CUTOFF
Source: B of A Global R
Source: Labor Departmentesearch
YEAR-OVER-YEAR
100% Unemployment cutoffs announced INCREASE IN WM
Working or seeking work Unemployment cutoffs enacted
95% RETAIL LEASES
Rest of states
80%
75%
60%
June 12 Cutoff Non-farm payrolls
(AK, IA, MS, MO)
13%
55%
40%
MAY 8 APR ’20 MAY 22 AUG ’20 JUN 5 DEC ‘20 JUN 19
JUN ‘20
FEB ‘20
OCT ‘20
FEB ‘21
YEAR-OVER-YEAR
RET
TITLE
TITLE INCREASE IN
TITLEAIL E-COMMERCE SALES IN U.S. (in millions of dollars)
Source: Labor Department
Source: L
Source: Census Bureau TOTAL SHOPPING
Source: L
abor Department
abor Department
$250,000
W W orking or seeking work
Working or seeking work
orking or seeking work
$200,000
$150,000
$100,000
Non-farm payrolls
Non-farm payrolls
$50,000
$0
Q1‘15 APR ’20 JUN ‘20 AUG ’20 OCT ‘20 DEC ‘20 FEB ‘21
FEB ‘20 Q3‘15 Q1‘16 Q3‘16 Q1‘17 Q3‘17 Q1‘18 Q3‘18 Q1‘19 Q3‘19 Q1‘20 Q3‘20 Q1‘21
FEB ‘21
FEB ‘21
APR ’20
JUN ‘20
JUN ‘20
FEB ‘20
FEB ‘20
APR ’20
A A
OCT ‘20
DEC ‘20
DEC ‘20
UG ’20
UG ’20
OCT ‘20