Happy Friday, friends! And happy National Donut Day 🍩, Scott! Things have been moving at the speed of light lately and our to-do list grows without more time in the day being added to check things off. We end up prioritizing things like client check-ins, showings, smelling Maverick’s head and singing the ABCs with Maven, but requesting reviews from people keeps getting pushed down the list. And that’s a problem because reviews are such an important part of our brand. I don’t buy a single product online without reading a review (or 20) about it first, and people do the same thing when choosing a real estate agent. So if you would, please take a minute or two and follow the links to Google and Yelp (for Yelp, search “Kelli Miller Real Estate”) below and leave a review. It would honestly mean the world to us 🙌🏼. THANK YOU!
Nearly every day, Compass’s Leonard Steinberg puts together a handful of real estate news bits that are always so interesting I have to share some of my favorites of the week. To receive these every day from Leonard, please click [_here](mailto:ls@compass.com “‌”) and include your full name and email address to get on his mailing list.
* As e-commerce grows, retailers are reducing the size of their bricks-and-mortar retail presence, signing leases averaging 3,200sf during the first 3 quarters of 2023, the smallest size since 2006. Nationwide, the rate of available retail space was 4.8% in the 3d quarter, the lowest level in the 18 years. E-commerce now accounts for about 15% of all retail sales, up from just over 6% in 2014. Mostly the savings go towards profit, not consumer savings. (CoStar)
* A fold-away HUGE TV that works outdoors? No problem! For a mere $200,000 or so you can buy one here. ‘Tis the season…..
* New York state is joining chip companies to invest $10 billion in a semiconductor research facility at the University at Albany that is set to include some of the most advanced chip-making equipment in the world. (WSJ)
* Pantone, best known for its Pantone Matching System, chose PANTONE 13-1023 Peach Fuzz as its 2024 Color of the Year, describing the color as a “velvety gentle peach whose all-embracing spirit enriches mind, body and soul,”……oh my, my, my, my my……take that CHAT GPT!
* Ken Griffin is in contract to purchase air rights – for around $312/sf – from above St. Patrick’s Cathedral in Manhattan to build a giant 1.7 million square foot skyscraper that will house Citadel on Park Avenue.
* Britain’s high-end country home market, which enjoyed a red-hot pandemic boom, is fast becoming part of the UK’s property slump. A home in luxury country destinations is less likely to sell above its asking price than a home in London’s most affluent districts for the first time since 2015. A prime London home is also more likely to go under offer within 2 weeks of coming onto the market than a countryside property for the first time in 8 years. (Bloomberg)
* Around 52% of global prime homebuyers are now paying in cash, up from 46% six months ago. (Bloomberg)
* Janet Campbell (Interior Designers of COMPASS) has created a paint guide to help you when it comes to getting homes ready for sale. This paint guide lets you know some of the most common neutral paint colors for homes in need of sprucing up prior to going live making it a perfect COMPASS Concierge companion. Click here to download the PAINT GUIDE, or visit Interior Designers of COMPASS workplace group.