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Zombie Pharmacies with a Side of Key Lime
Manage episode 433808708 series 3239899
Indhold leveret af BJ Feller and Isaiah Harf. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af BJ Feller and Isaiah Harf eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Introduction:
- BJ Feller and Isaiah Harsh open the episode with a casual conversation about Lollapalooza in Chicago.
- The hosts introduce the main topics: zombie pharmacies in NYC, unemployment and interest rates, and the impact of technology in commercial real estate.
Zombie Pharmacies in New York:
- Discussion on the New York Times article about 222 dark big-box pharmacies in NYC, with specific statistics on their distribution across boroughs.
- Analysis of the negative impact on urban retail vibrancy and sales tax revenue.
- Exploration of the rise of independent pharmacies filling the void left by major chains.
Economic and Market Updates:
- Review of the latest jobs report showing 110,000 jobs added in July, below the projected 170,000, and the potential implications for unemployment and Federal Reserve policy.
- Discussion on the drop in the 10-year Treasury yield and its impact on financing conditions in commercial real estate.
- Insights into how these economic shifts might affect cap rates, particularly in multifamily, retail, and office sectors.
Placer.ai and Real Estate Analytics:
- Debate on the growing reliance on Placer.ai data in the retail investment world.
- Concerns raised about the accuracy and overdependence on cell phone data for retail traffic analysis.
- Emphasis on the importance of considering traditional metrics like unit-level sales performance and market rent comps.
Closing Thoughts:
- The hosts conclude with a discussion on Q4 market expectations, highlighting the potential for increased deal activity due to lower interest rates.
- A light-hearted segment on favorite desserts, with a special mention of Joe's gluten-free options and RPM Steak's chocolate cake.
Listener Engagement:
- Encouragement for listeners to provide feedback and questions for future episodes.
This episode provides a comprehensive overview of current trends and challenges in the commercial real estate market, with a blend of serious analysis and entertaining banter.
34 episoder
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