The oil price of West Texas Intermediate (WTI) crude will average US$85 per barrel for the next 12 months, according to a recent survey of Canadian oil and gas industry executives conducted by Raymond James. Oil prices have slumped in recent weeks, largely due to market jitters about the health of the global banking sector […]
The 2023 commercial real estate outlook highlights the significant changes in the industry, with a focus on San Francisco and New York City. San Francisco has seen a rise in office vacancies, with the vacancy rate increasing from 6% pre-pandemic to 15% in 2022. The increased office vacancies have resulted in a 13% decline in property […]
Wall Street’s fascination with AI has become more targeted since initial frenzy. The rise to prominence of ChatGPT has made AI(artificial intelligence) one of the key themes for companies in 2023, and numerous players are set to reap its benefits during the coming months. Continue reading » Source: MarketWatch
What the surplus of subleased space available in today’s office market means for investors and how they can best operate in the changing landscape. Availability of office space for sublease has climbed markedly in the Tampa Bay area, where we’re based, matching a trend that is prevalent around the country. In fact, a number of large […]
High export demand for LNG and higher domestic natural gas consumption pushed U.S. gas demand to higher levels than supply last year, resulting in the highest average Henry Hub spot price since 2008, the Federal Energy Regulatory Commission (FERC) said in its 2022 State of the Markets report. Yet, U.S. natural gas prices have dipped […]
The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. Along with its ninth hike since March 2022, the rate-setting Federal Open Market Committee noted that future increases are not assured and will depend largely on incoming […]
BTC price snaps back into its uptrend after Bitcoin market nerves over U.S. economic policy fade in line with stocks and gold. Bitcoin returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to […]
Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of REALTORS®. Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – vaulted 14.5% from […]
High oil and gasoline prices will need to rise even higher this summer to incentivize new production and discourage consumption, according to Goldman Sachs. The Wall Street bank is now forecasting Brent crude oil prices will average $140 a barrel between July and September, up from its prior call of $125 a barrel. Brent is […]
George Carlin’s classic bit about “stuff” and where to put “stuff” and the hilarity of finding places for “stuff” is what self-storage is all about. The dilemma of where to put your stuff is addressed by this market and one of the best ways to take advantage as an investor is with self-storage real estate investment […]
