Weekly Perl: A Commercial Real Estate News Recap

US inflation rose more than expected last month
The cost of everyday necessities continued to climb in October, putting more pressure on Americans already struggling to keep up with grocery bills, housing costs and other household expenses.
Consumer prices rose 0.4% from a month earlier, more than the 0.3% increase economists had anticipated, according to data from the Bureau of Labor Statistics released Tuesday.
Nearly a third of the overall increase in prices came from shelter costs, which include rent and other housing-related expenses...
Fiserv: October sales show small businesses enter holidays with 'momentum'
Small business sales inched up from September to October, signaling positive momentum as consumers are set to begin holiday shopping.
The Fiserv Small Business Index for October 2026 found that overall sales increased 0.3% month over month. Sales rose 2.3% over October of last year, marking the strongest year-over-year gain since July 2025...

Costco reports double-digital sales growth in October
Costco Wholesale Corp. reported another strong month as its digital sales continue to accelerate.
Costco reported net sales of $24.50 billion for the four weeks ended Nov. 1, up 12.6% increase from $21.75 billion in the year-ago period.
Total company comparable sales increased 11/1%, with U.S. comps up 12.6% and Canadian comps up 4.9%. Other international comps increased 9.4%.
Total company company comparable sales excluding the impacts from changes in gasoline prices and foreign exchange increased 7.3%, rising 8.1% in the U.S. and 3.5% in Canada. Other international comps rose 6.9%,..

Top Enclosed Malls Raise Rents, Cut Tenant Allowances
The best
enclosed malls are charging more and spending less to land tenants, GlobeSt reports.
At Simon Property Group, starting base rent on new leases climbed 17% year over year through Q3. The allowance it gives tenants per SF dropped 10%.
A Two-Tier Market
A new Trepp analysis calls Class A and Class B malls “doing quite well” with room to grow. At the bottom, average occupancy is 72%, and Trepp sees little future for those centers.
For investors, the tier a mall belongs to now outweighs every other factor...
Food Lion acquires five Winn-Dixie stores in Georgia
Ahold Delhaize USA banner Food Lion announced it has entered into an agreement with The Winn-Dixie Company to purchase five Winn-Dixie stores across Southern Georgia.
“The addition of these stores will allow us to nourish more families across Georgia,” said Greg Finchum, brand president, Food Lion. “That is at the heart of who we are at Food Lion. The growth we’re experiencing gives us great momentum as we head into 2027. Each new store broadens our footprint and deepens our presence in the towns and cities we serve, giving our associates the opportunity to offer neighbors the easy and affordable shopping experience they count on from Food Lion...”

K-beauty retailer Olive Young to expand Southern California footprint
Korean beauty and skincare retailer Olive Young is deepening its presence in the United States.
The company, which made its U.S. debut over the summer, plans to open five additional stores in California by the first half of 2027. In late May, Olive Young made its U.S. debut with a 8,647-sq.-ft. store in Pasadena, Calif., and in June, it opened a 2,694-sq.-ft. store at Westfield Century City in Los Angeles.
Olive Young will open four new stores in the greater Los Angeles area at Del Amo Fashion Center (Torrance, Calif.), Bloom on Third (Los Angeles), Brea Mall (Brea, Calif.) and Irvine Spectrum Center (Irvine, Calif.). The brand, which is one of several Korean retail companies expanding into the U.S., will also open a store in San Diego at Fashion Valley...

Colliers: Stores to account for two-thirds of retail spending through 2030
Physical stores are expected to continue to account for the majority of retail spending in the near future, with Gen Z playing an increasingly large role.
A new report from commercial real estate services firm Colliers reveals that every generation is projected to make most retail purchases in stores through 2030, with physical locations capturing roughly two-thirds of spending. More than half of consumers cite competitive prices (54.4%) and readily available products (53.4%) as key reasons for choosing physical stores over online shopping...


Sales rise in October but at slowest pace in nearly a year
Consumers kept spending in October, but at a slower pace than in recent months.
Total retail sales (includes restaurants but excludes automobile dealers and gasoline stations) increased 0.15% to $561.7 billion in October, and were up 3.57% year over year, according to the CNBC/NRF Retail Monitor. In September, sales rose 0.28% month over month to $560.8 billion, and were up 4.05% year over year...

Randy’s Donuts takes LA landmark global
A famed Los Angeles pastry shop is bringing its iconic giant doughnut to more storefronts across the globe in the next year.
Randy’s Donuts opened 22 locations this year, including 17 across Japan, Mexico and the Philippines, and is preparing to push into another overseas market as part of its push to add more stores in 2027.

The chain plans to enter the United Kingdom with its first shop in Edinburgh, Scotland, while adding U.S. locations in La Jolla, California; Reno, Nevada; a second store in Manhattan; and its first in New Jersey. The company has not announced precise opening dates for the three locations. Randy’s lists all of them as coming soon, though its Edinburgh plans are farthest along, with a site identified in the city’s Old Town...










