Pharmaceutical innovation that offers new treatments for a range of maladies together with a greater number of people with medical insurance have lifted prescription drug spending 9 percent over the past year. During the same time period, the number of insured Americans rose 1.8 percent to more than 289 million. Combined with nearly half of all citizens taking at least one prescription drug, health and personal care stores stand to
Fed Rate Increase Creates Mixed Signals for Investors
The Federal Reserve raised its overnight rate by 25 basis points to a range from 0.50 percent to 0.75 percent. This decision reiterates the positive economic outlook for 2017 that could accelerate monetary policy in the coming year. Rising interest rates will remain a significant factor in the commercial real estate market that could force
The pace of hiring in November serves up the latest evidence that U.S. payrolls continue to expand at a steady pace and measures of labor market slack are also tightening. With the U.S. economy on track to add 2.2 million jobs during 2016, the path for the Federal Reserve to raise its benchmark short-term lending rate later this month appears to be clear. A more aggressive pace of rate increases could ensue in 2017 as
Unforeseen events tap the brakes of the investment market.The unanticipated results of the presidential election sparked a shift in several macro-level dynamics that have begun to ripple through the commercial real estate market. A rapid 60-basis-point increase in the yield on the U.S. 10-year Treasury followed the election, combining with expectations of changes to the tax code in 2017 to inspire
Marcus & Millichap (NYSE: MMI) today announced the launch of its next generation proprietary brokerage tool, MNet-Offering, a web-based application designed to support sales agents in the most efficient creation of electronic and print materials, notably, offering memorandums and asset valuations that are critical to help clients in the
Labor market set to fuel expansionary office environment. Accelerating job growth, coupled with moderate supply increases, will generate improvement in the Los Angeles County office market this year. Following a year of lackluster net absorption, demand for premier office spaces is set to re-accelerate as strength in the labor market translates into
Reduced Financial Market Volatility and Durable Economy Alleviate Some Investor Concerns
Commercial real estate investor sentiment has cooled a bit in the past 18 months. Yet despite the increased prevalence of caution in the marketplace, investors still hold a favorable outlook on fundamentals and access to capital, spurring many to proceed with
Following the lengthy campaign, Donald Trump surprised pundits and pollsters by winning the presidential election. This unanticipated turn of events set off a rapid drop in both stock market and Treasury rate futures before they recovered early Wednesday morning. In the wake of this unexpected outcome, markets are repricing
