NYC real estate
fromtherealdeal.com
2 weeks agoStefan Soloviev sets a Manhattan office rent benchmark
Manhattan's office market sees record rent of $327.50 per square foot, reflecting elite tenants' willingness to pay for premium spaces.
#k-shaped-recovery
#k-shaped-recovery
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#income-inequality #consumer-spending #manhattan-office-market #record-rents #commercial-real-estate
fromJezebel
2 months agoNon-'Luxury' Cars Have Basically Stopped Existing, Thanks to the K-Shaped Economy
It was not exactly mourned by the types of auto hobbyists who read car magazines: If you'd ever driven a Versa rental car, you'd probably understand. It was a tiny thing even by subcompact standards, and not rich in features, style or horsepower. But what it was, was a relatively cheap and affordable new sedan you could purchase in the United States.
Cars
fromFortune
5 months agoIn the absence of jobs numbers, slop bowls and fast food can show a lot about the economy | Fortune
"We continue to see a bifurcated consumer base with [quick-service restaurant] traffic from lower-income consumers declining nearly double digits in the third quarter, a trend that's persisted for nearly two years," McDonald's CEO Chris Kempczinski said on the company's November 5 earnings call. "In contrast, QSR traffic growth among higher-income consumers remained strong, increasing nearly double digits in the quarter."
Food & drink
Business
fromFortune
7 months agoJerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: 'Unusually large amounts of economic activity' | Fortune
AI-driven capital spending concentrates growth and benefits wealthy households and mega-cap firms, creating a K-shaped recovery and uneven economic composition.
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