Weekly Perl: A Commercial Real Estate News Recap

US Inflation Hits 3.7%, Sinking Bitcoin and Gold: Will the Fed Hike in October?
US consumer prices rose 3.7% in the year to September, above the 3.6% forecast, and Bitcoin and gold fell within minutes. The hotter reading raises the odds of another Federal Reserve rate hike, which would lift borrowing costs.

Core inflation, which strips out volatile food and energy prices, also beat forecasts at 2.6%, against an expected 2.5%. Both measures climbed from August's readings of 3.4% and 2.4%..
NRF: Core retail sales inch up in September
Retail sales edged up in September as consumers continued to spend following a solid back-to-school season.
Core retail sales (excluding restaurants, auto dealers and gas stations) totaled $453.1 billion in September, up 0.27% month over month and up 3.73% year over year, according to the CNBC/NRF Retail Monitor released by the National Retail Federation. (Starting in September, online sales from store-based retailers are now attributed back to their respective categories, so sector figures reflect total omnichannel spending...)
Ross Stores reaches fiscal 2026 expansion goal — with plans for continued growth
Off-price giant Ross Stores Inc. is continuing its rapid expansion into the fall months.
The company will open 41 Ross Dress for Less and 10 DD’s Discounts across 17 states in September and October, which completes its growth plans of 115 new locations for fiscal 2026.
"Each new opening allows us to deliver compelling value to even more customers while creating new jobs and making a positive impact in local communities," said Richard Lietz, executive VP of property development at
Ross Stores Inc. "Building on the strong performance of our newer stores, we are excited to open our inaugural stores in Massachusetts while strengthening Ross Dress for Less' presence in New York and other existing markets. At DD’s Discounts, we are pleased to further expand in our established core markets of California, Florida and Texas..."
U.S. holiday spending expected to dip as shoppers focus on value
U.S. consumers expect to spend an average of $779 on holiday purchases in 2026, down from $796 last year, as higher prices and household budget pressures influence shopping decisions, according to a study by Circana.
The 2026 U.S. Holiday Purchase Intentions Study surveyed 3,534 U.S. consumers. Despite plans for slightly lower spending overall, more than one in five respondents expect to spend more than $1,000 during the holiday season.
Circana forecasts fourth-quarter holiday spending will range from a 1% decline to a 2.5% increase compared with 2025...
Retail Vacancy Falls to 4.3% as Q3 Absorption Hits 10.5M SF
U.S. retail vacancy dipped to 4.3% in Q3 as net absorption hit 10.5M SF, the highest quarterly total since 2023, Colliers reports.
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National retail vacancy slipped a tenth of a point to 4.3% in Q3 2026, staying close to record lows, according to Colliers.
Retailers kept expanding and backfilling space, pushing net absorption to 10.5M SF, the strongest quarterly figure since 2023...
Rate Surge Fuels Retrades as CRE Buyers Demand Price Cuts
Rising rates are pushing CRE buyers to renegotiate signed deals, as CMBS special servicing hits 11.42%, the highest since 2013...

Moody’s upgrades retail and apparel outlook as tariffs ease
Dive Brief:
- Moody’s Ratings upgraded its outlook for the global retail and apparel sector to stable, reversing its previous negative forecast, on the basis of easing tariff costs and stable labor markets, according to an Oct. 7 report.
- The new forecast predicts sector revenue growth of between 2% and 4% alongside 0% to 2% adjusted EBIT growth over the next 12 to 18 months, reversing a 0.7% decline in adjusted EBIT in 2025 and a previous 2026 adjusted EBIT forecast of flat to down 2%...










