Macro indicator rundown; NYC’s Local Law 18; Fifty Shades of Beige (Book)

On this week’s episode of the CRE Exchange podcast, Cole Perry, Senior Market Analyst, and Omar Eltorai, Director of Research, both at Altus Group, delve into recent consumer credit trends, Kroger’s strategic shifts, and the implications of new rental regulations in NYC.

Key Takeaways:

- [00:06:38] Consumer Credit Surge: A significant rise in consumer credit in July, emphasizing the role of credit card debt.

- [00:06:54] Inflation’s Impact: Delving into how inflation is affecting consumer spending habits and the broader economy.

- [00:07:13] Kroger’s Financial Performance: Insights from Kroger’s recent earnings call, investment moves and the potential implications for the retail landscape.

- [00:09:27] Short-Term Rental Regulations in NYC: A deep dive into New York City’s new regulations and their potential impact on the short-term rental market.

- [00:13:27] US CRE industry conditions and sentiment: Our Q3 2023 results are in.

- [00:18:43] What we’re keeping an eye on this week.

Resources Mentioned:

Cole Perry -

https://www.linkedin.com/in/coleperry1/

Omar Eltorai -

https://www.linkedin.com/in/omareltorai/

Altus Group -

https://www.linkedin.com/company/altus-group/

Altus Group’s  US Commercial Real Estate Industry Conditions and Sentiment Survey -

https://www.altusgroup.com/insights/cre-industry-conditions-and-sentiment-survey/

Altus Group’s  Canada Commercial Real Estate Industry Conditions and Sentiment Survey -

https://www.altusgroup.com/insights/cre-industry-conditions-and-sentiment-survey-canada/

NYC Law 18 -

https://www.nyc.gov/site/specialenforcement/registration-law/registration-rules-and-laws.page

Federal Reserve’s Beige Book -

https://www.federalreserve.gov/monetarypolicy/beigebook202309.htm

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