Monday Market Update – June 19th, 2023

Welcome to this week’s Monday Market Update, where we bring you the latest insights on three important topics. In our national segment, we’ll discuss the recently released Consumer Price Index (CPI) figures and their impact. Moving on to local news, we’ll celebrate the achievements of Brook Myer and Craig Ustler, co-developers of Creative Village in Orlando, who received prestigious awards. Lastly, we have an exciting announcement regarding our office move. Let’s dive in!

1. National News: CPI Figures Reflect Stable Inflation The recently released Consumer Price Index (CPI) for the month showed a modest increase of 0.1%, with a year-over-year rise of 4%, marking the lowest level in about two years. Excluding food and energy, the core CPI increased by 0.4% and 5.3%, respectively. These figures align with consensus estimates and have resulted in market expectations of the Federal Reserve maintaining interest rates without an increase this week. This stable inflation environment provides valuable insights for the broader economic outlook.
   https://www.cnbc.com/2023/06/13/cpi-inflation-report-may-2023-.html and https://apple.news/A7Dc14wc2SqqMEsKSU4EBXw
2. Local Spotlight: Creative Village Developers Receive Accolades Congratulations to Brook Myer and Craig Ustler, co-developers of Creative Village in Orlando, for their outstanding achievements! Their remarkable work earned them the prestigious “Downtown of the Year” and “Golden Brick” awards. Creative Village, a dynamic mixed-use development, has garnered recognition for its transformative impact on the downtown area. This serves as a testament to the vision and dedication of these developers, highlighting Orlando’s thriving real estate landscape.
   https://www.growthspotter.com/2023/05/02/orlando-magic-training-center-and-creative-village-developers-win-golden-brick-awards/.
3. Office Update: Exciting Relocation Announcement In our office segment, we are thrilled to announce that we are moving locations! While bidding farewell to 175 Lookout Place, we remain committed to serving the same areas and providing exceptional commercial real estate services. Stay tuned for further updates on our new office space, as we continue to deliver top-notch expertise and support to our valued clients.
   

In this week’s Monday Market Update, we examined the stable inflation reflected in the national CPI figures, highlighting market expectations of interest rates remaining unchanged. We also celebrated the well-deserved accolades received by Brook Myer and Craig Ustler, co-developers of Creative Village, for their outstanding contributions to Orlando’s real estate landscape. Lastly, we shared the exciting news of our office relocation, promising continued excellence in serving our clients. Stay tuned for more updates on these and other significant developments in the coming weeks.