New global office demand data from VTS forecasts that New York City will hit 30 million square feet of office leasing in 2024. VTS Co-Founder & Chief Strategy Officer Ryan Masiello joins Market Domination Overtime to discuss commercial real estate trends and what they suggest for the broader market. Masiello signals that New York represents a market where the headlines do not meet the reality of what is happening on the ground: the city has led office demand recovery since the onset of the pandemic, he claims. The VTS co-founder explains that the firm's modeling looks across 13 billion square feet of office space managed on the VTS platform. According to this data, Masielo says San Francisco's office demand is showing signs of resilience, though the tech sector is 60% behind its pre-COVID office capacity. If interest rates come down, "tech companies can start growing again," Masielo adds. With the shift to hybrid and virtual labor, office footprints have shrunk only by about 6% from pre-COVID levels, Masielo says. Such work policies aren't impacting the size of companies' office footprints, he adds. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's Note: This article was written by Gabriel Roy.
WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid. Compared with 12 months earlier, though, prices rose 2.5% in February, up slightly from a 2.4% year-over-year gain in January. Excludi
U.S. prices increased moderately in February and the cost of services outside housing slowed considerably, keeping a June interest rate cut from the Federal Reserve on the table. The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday. Data for January was revised higher to show the PCE price index climbing 0.4% instead of 0.3% as previously reported.
While saving for retirement, is a 60/40 portfolio — a strategy of allocating 60% of investments into equities and 40% into fixed-income securities and bonds — the way to go for all investors? Evans May Wealth Managing Partner Brooke May joins Brad Smith to talk about which type of investors a 60/40 approach does and doesn't work for, and the environment enabling this investing strategy. "When you look at fixed income, you get principle appreciation when yields go down. So as the Fed [Federal Reserve] comes in and starts to cut [interest] rates, bond yields will come down, which means the price of those bonds go up," May says. "So investors right now can get 4.5, 5% on corporate bonds. And they very well could get some principle appreciation over the next few years. So that 40% allocated to fixed income isn't going to be the drag on the portfolio as it was over the last ten years." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Luke Carberry Mogan.
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