New York City

U.S. Rent Growth Flatlines As Massive Flood Of New Apartment Supply Finally Takes Its Toll

"The huge number of apartments entering the market benefits all renters...some [new developments] even offer concessions, like a month of free rent or free gym memberships. These perks aren’t limited to overly-popular markets such as NYC or San Francisco, either. Minneapolis is also seeing tons of new, top-notch apartments added to its rental market, as is Nashville and Orlando.”

Frontrunning: August 7

  • Futures slightly higher after Dow's record run (Reuters)
  • Tillerson says U.S., Russia can settle differences (Reuters)
  • Hot-Stock Rally Tests the Patience of Value Investors (WSJ)
  • ‘Good Conservative’ Grassley Ramps Up His Panel’s Trump-Russia Probe (BBG)
  • Brands Strike Back: Seven Strategies to Loosen Amazon’s Grip (WSJ)

Baltimore Weekend Ceasefire Ends With 2 Killings

Heading into this weekend, we reported on a ceasefire agreement between Baltimore “gang leaders, drug dealers and others linked to the violence”. In the 42nd hour of the ceasefire, gunshots were heard at the 1300 block of Sargeant Street around 5:03pm (walking distance to Ravens Stadium). Officers arrived to find a 24-year old man suffering from gunshot wounds, where he died at Maryland Shock Trauma Center.

McMaster: U.S. Preparing For "Preventive War" With North Korea

"What you’re asking is– is are we preparing plans for a preventive war, right? A war that would prevent North Korea from threatening the United States with a nuclear weapon. And the president’s been very clear about it. He said he’s not gonna tolerate North Korea being able to threaten the United States. So of course, we have to provide all options to do that. And that includes a military option."

Is There A Relationship Between Coffee Shops And High Rent?

Though while it is common, getting coffee from a coffee shop rather than making it at home can be expensive. It is somewhat of a luxury item. For this reason, some measure of coffee shops could be useful as a barometer of city and neighborhood cost. So, in US cities, are the number of coffee shops and rent prices connected in any way?