Greetings,Here is an update on the current National Commercial Retail Real Estate Market in The United States of America:Despite longstanding concerns of a softening economy and eventual pullback in consumer spending, U.S. retail space markets remained resilient in the first half of 2023 thanks to steady demand from a diverse array of sectors, a still below-average pace of store closures, and minimal new supply.Overall, demand for space grew by nearly 12 million SF during 23Q2, marking the ninth consecutive quarter of growth for retail space markets.

The Twin Cities market has been steady, it's not likely to boom like some of the sunshine states but it also has a very diverse economy and is pretty affordable relative to other metropolitan areas that size, so it is also going to be more resilient to downturns.

The number of closed sales also remained basically unchanged compared to this time last year.Overall, the picture is that of a stable market that has found a new equilibrium.Here are the full stats for Austin and the greater metro:The Austin metro still boasts one of the strongest regional economies and job markets in the US.So, the engine driving the Austin real estate market is still robust and is showing resilience in the face of recent tech layoffs and a broader economic slowdown as the Fed continues to rein in inflation.However, no matter how strong the Austin metro economy, there’s no way around the fact that mortgage interest rates–now at a 20+ year high–have made home ownership and investment more expensive and pushed many buyers to the sidelines.

Resilience. 4 100k properties will do way better in case of crash / correction then 400k propertyIn the crash, people who can't afford their homes rent.

One recent addition to this body of evidence is a July Government Accountability Office report showing that federal government agency offices were typically operating at about 25% of capacity in 23Q1.The slow recovery of utilization comes against the backdrop of a surprisingly resilient labor market.

With interest rates elevated yet property values remaining resilient, finding cash flow with a reasonable down payment is an incredible challenge.

I had to remediate the absestos adhesive under the resilient flooring in the kitchen and large pantry before I ripped all the luan plywood up and the 3/4 oak flooring underneath it with plywood over the diagonal planks, then cement board, then tile.

By actively researching and obtaining quotes for each of these costs, you can create a more realistic and accurate rehab budget, reducing the chances that you have to change course later or make a costly mistake.BP Community let me know if I'm missing any.With resilience,Josh

Bakersfield's economy, focused in essential products and services has been resilient. 

I  don't know how resilient Pittsburgh is to a downturn - it's been something i've been trying to learn.