The move rate among older Americans is low. In 2024, just 5.28% of Americans age 55 and older moved—less than half the rate for the population overall
Apparel Retailers
As many apparel tenants are shrinking their stores’ footprints, E-commerce sales accounted for 16.4% of total retail sales last year. This compares with about 8% in 2016.
NYC Multifamily
Corporate landlords own 90.2% of New York City’s multifamily housing stock, while Individuals own the other 9.8%.
Rate Cut Change
Traders now see a 47% chance of a rate cut by December, down from 74% before the Iran war began last month.
Service Tenants
Retail leasing by service-oriented tenants outpaced goods-based retail leasing for the first time ever, a reversal driven in large part by a proliferation of salons, spas and fitness studios. Service-based tenants leased just over 50% of total retail square footage in 2025. Fifteen years ago, service tenants accounted for only 40% of total leasing.
Private Credit Defaults
The private-credit default rate rose to 9.2% in 2025, up from 8.1% in 2024 and the highest ever for a full year.
Private Credit Loans
U.S. bank loans to non-depository financial institutions that include private credit reached $1.2 trillion as of mid-last year. That was nearly triple the share from a decade ago.
Gen Z Retail
Gen Z’s retail-spending growth is outpacing all other generations with the generation’s global annual retail spending expected to exceed $12 trillion by 2030. The cohort also spends a greater proportion of their discretionary dollars in physical stores than older generations.
XOM HQ
Exxon Mobil plans to move its legal home to Texas from New Jersey, joining other companies that have flocked to the Lone Star state in search of a more business-friendly environment.
Blackstone AUM
Breit’s assets under management went from over $68 billion at the end of the fourth quarter of 2022 to about $54 billion in the fourth quarter of 2025, according to Blackstone quarterly reports. Bcred, meanwhile, grew from under $59 billion to almost $90 billion. Combined with other similar private funds for other asset classes, their collective growth far more than offset Breit’s decline in size.