Hotel Industry: 7/12-7/18 Hotel Weekly Update Nationally, hotel occupancy was down 38.9% compared to 2019 this week. Atlanta was 3rd out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-34.8%), up from last week’s ranking of 5th out of 25. Hotel marketing campaigns are leaning into nostalgia, invoking […]
Hotel Industry: 7/05-7/11 Hotel Weekly Update Nationally, hotel occupancy was down 38% compared to 2019 this week. Atlanta was 5th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-37.8%), down from last week’s ranking of 4th out of 25. Small town & interstate hotels continue to have […]
Restaurant Reservations Restaurant Reservations remain on the rise this week, with the weekly average for Georgia up 3.42% (from -57.7% to -54.2%). US restaurant reservations are also up this week, climbing 2.27% (from -61.57% to -59.3%). While the increase of reservations stats has slowed from when we first began analyzing it, this increase still stands […]
TSA Checkpoint TSA checkpoint traffic is remaining stable around 650k, with the daily average only increasing by 15,493 passengers (from 649k to 664k). It has been one month since traffic peaked at 764k. Since then, the daily average of traffic hasn’t changed significantly from week to week. The flattening of the TSA checkpoint curve coincides […]
Total preliminary initial unemployment claims were down 14% from the previous week, however the Retail Trade and Transportation & Warehousing industries saw substantial increases in new claims this week.
Jim Loftin, Co-CEO and broker of Cantrell & Morgan, Inc., discusses the development and investment changes which may occur in both the commercial and retail markets. Loftin specifically discusses the future of shopping center developments in these markets based on mixed-use, office, and retail financing trends analyzed by Cantrell & Morgan.
CoStar Group periodically has webinars called State of the Markets where analysts discuss what is going on in certain submarkets of the commercial real estate industry. I attended one this past week on the Atlanta retail industry. Below are some of the main points brought up by the analysts, David Kahn and Trenton Turner. The […]
For the week of July 27-31, the indexed bonds are up 2.7% YTD, and up 0.3% since last week, a higher week to week change than the prior week (+0.1%).
For the week of July 27-31, the Georgia public firms index dropped 0.6% this week in price. The index is down -5.7% YTD.
David Kahn, Managing Analyst for CoStar Group, discusses what CoStar is evaluating regarding the different commercial real estate markets and associated sub-markets that are recovering from economic impacts of April 2020. Additionally, Kahn discusses what the Metro Atlanta area is doing, investment-wise, to stabilize and strengthen its future markets.
Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.
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