The basic idea behind the motivation of buying a product made by a U. The more you buy American, the more the economy is stimulated, and the more jobs are created. And, American workers pay taxes on wages earned in America. Jobs are at the foundation of our economy, and have unfortunately been moving overseas more and more. But, by buying American you can help to reverse that trend.
When you buy American the money stays in the United States. Visual Stories. Gadgets Now SlideShows 12 interview questions banned by Google. Top Searches. Air Purifier Buying Guide. Jiobook Laptop. Call of Duty Vanguard. Most Downloaded Apps in World. Netflix Games on iPhones. And so are industrial properties that are used for manufacturing, storage, and other important business purposes. Each of these sections of the market is different, and each was impacted differently by the COVID pandemic.
Let's take a look at some of the key facts regarding commercial real estate in the US. These statistics have been compiled using a variety of research reports from different fiscal years and quarters. The market size of the US commercial real estate industry was estimated to be about 1 trillion dollars in Though the market suffered during due to the COVID pandemic, it has been growing slowly throughout Commercial real estate is the top largest real estate industry in the country based on market size.
Again, this includes all properties used for business purposes, such as offices and retail space and manufacturing plants. Overall, commercial real estate is the fourth-largest industry in the United States based on market size.
Many small businesses and corporations alike rely on commercial real estate to provide a retail space, office space, or storage space. The manufacturing industry needs manufacturing plants to function. Over the course of , the growth rate of the commercial real estate market is expected to be about 3. It's possible that outside factors like the COVID pandemic will affect the demand for office space, but that's just one small chunk of the total market.
Statistically, the real estate market has declined about 0. Pre-pandemic trends were more favorable toward growth. The increase in the growth rate from to can be attributed mostly to increased consumer spending. As consumers make purchases, the demands for commercial space for new businesses and growing corporations increase. In , the economic crash caused consumer spending to plummet. That's being corrected during the fiscal year. However, the growth is impeded by a decrease in the yield on year treasury notes.
Basically, this indicates that people are more interested in low-risk and stable purchases. They're worried about buying commercial property because of the combined risks of real estate and potential ongoing impacts from COVID restrictions.
But as the pandemic fades, it's possible that demand will increase. Prices are low now due to the economic crash, so if you are interested in a risky investment, commercial real estate is one of the most potentially lucrative. The best opportunity for growth comes from commercial real estate that's used by corporations. As corporations expand and hire new people, they need new space for their ventures.
Corporate profits are expected to grow over the next few years, so corporations are the most likely users of new commercial space. In quarter 2 of , there was an increase in office vacancies to The first quarter had had vacancies of just 13 percent. Office closures can be attributed to increased COVID spread throughout most regions of the country.
There are three "classes" of office buildings. Class A buildings are the most lucrative, having many amenities and high rents. Class B and C buildings have fewer amenities and lower rents. No matter what type of office is in question, the buildings will likely be about 15 percent vacant until pre-COVID employment levels are reached. The lowest vacancy rates in the country are in Washington D. Washington D. Birmingham's is In addition to office vacancies, there are industrial vacancies as well.
These aren't as pronounced as the office ones, but they are significant. In , there may be a decrease in vacancy of more than 9 percent. The lowest vacancy rate for industrial space is in Orange County, California, which has just a 3.
Los Angeles has 4 percent, Miami has 5. Retail vacancies have similar rates to industrial ones. As the economy speeds up in , retail vacancies are expected to drop by up to 10 percent. The least vacant place in the US is San Francisco, with just a 3. Then there's Fairfield County, Connecticut with 4. The only commercial real estate sector that's expected to see an increase in vacancies is the multi-unit apartment housing.
But the increase in vacancy is only expected to be about 0. When apartment vacancies are at under 5 percent, the market favors the landlord. It's easy to raise rents since the demand for housing is higher. The lowest apartment vacancy rates are in New Haven, Connecticut, with just 1. In , it was estimated that all of the commercial real estate in the US was worth about 16 trillion dollars. That includes both properties for sale and not for sale.
Now, not all of those properties are available for sale at all times. And the value of properties can increase or decrease with time. Similarly, market forces affect the selling prices of different properties. Because of the number of variables, it's impossible to create an exact dollar amount for the worth of commercial real estate in the US. But that report found that the value was between 14 and 17 trillion, with a likely average of 16 trillion. This study was done by analyzing different commercial real estate markets in the US.
Markets vary depending on the state, the time of year, whether the area is urban or rural, and whether the commerce is growing or shrinking. Some property in one area might be more expensive than similarly-sized property in a different state. Researchers estimated how much total square footage and how many commercial units there were in each of the markets. Then they added them together to get an estimate for the commercial value in the entire US. Breaking the numbers down like this helps to get more accurate guesses.
This study didn't include timber, billboards, rentals of single family homes for commercial purposes, or any commercial infrastructure excluding wireless towers.
But it did include healthcare, office, retail, hospitality, industrial, self-storage, and specialty commercial properties. Multi-family apartment complexes were counted as commercial property, since landlords generate income through tenant rent.
The largest sectors were:. Flexible spaces, self-storage spaces, and wireless towers had the lowest total value, measuring just 0. The price per square foot of space varied for each of these sectors. Healthcare facilities had the highest price at dollars per square foot. This is presumably due to the high costs of healthcare treatment and the advanced equipment in the area.
The next most expensive sector was hospitality, with property costing about dollars per square foot. That makes sense since hotels are in the business of providing luxury amenities to many people at once.
Office buildings had an average cost of dollars per square foot. All other sectors were less than dollars per square foot, with the lowest being industrial space at 73 dollars. Manufacturing plants are often large and lack the amenities that drive commercial real estate prices up. No data was available for the square footage cost of self-storage businesses, wireless towers, or specialty commercial properties. These encompassed 97 billion square feet. In comparison to , when the survey was last conducted, the square footage was 11 percent higher and the number of buildings was 6 percent higher.
The largest buildings in terms of square foot tend to be lodgings like hotels, educational institutions like high schools and colleges, and healthcare facilities like hospitals. Meanwhile, the smallest buildings tend to be taken up by food service buildings. We can be certain that there are hundreds of thousands of office buildings scattered throughout the US. It's difficult to separate the number of office buildings from the number of general commercial buildings. But one report did indicate that a combination of warehouses, offices, mercantile spaces, and educational areas made up 50 percent of the commercial buildings in the country.
There's a total of 5. The commercial market is slowly beginning to recover from the devastating economic effects of the COVID pandemic. However, it hasn't yet reached pre-pandemic levels. People are more hesitant to invest in real estate, and workers are more reluctant to return to the office. With large commercial property acquisitions worth 2. The only exception was for acquisitions of hotels.
Some market analysts speculate that investors might be purchasing hotels to use for multifamily housing later. With acquisitions of less than 2. There was an increase in purchases of industrial plants and undeveloped land, but other commercial property sales declined. In comparison to the first quarter of , quarter 1 of saw commercial prices at a 6 percent decrease. However, they are more reliable than they were in late Because of the large number of people working from home, many companies chose to move their offices to places with smaller square footage or to let their leases expire.
Several companies sold office buildings they owned and are choosing to lease instead of own now. The leasing rates vary depending on the sector and the location. For the second quarter of , there was an average price for offices of about 35 dollars per square foot each year. For retail spaces, that price dropped to 18 dollars per square foot each year. Industrial manufacturing plants cost just 8 dollars per square foot each year. In New York, a metro office is significantly more expensive, costing about 81 dollars per square foot.
Industrial space is also pricier, averaging almost 20 dollars. Offices in Los Angeles cost about 44 dollars per square foot. In Boston, they're about 39 dollars. But if you want an office in Cambridge specifically, it will cost 80 dollars per square foot. On the other hand, Atlanta comes in under the country's average. It's about 30 dollars per square foot for an office, though that increases to 35 dollars if you want a space in downtown. Chicago, too, comes in under par at 33 dollars for offices.
In more expensive areas of the city, the price raises to more than 40 dollars. Urban areas of Texas like Dallas and Austin tend to have a price of between 25 and 30 dollars per square foot. The price of commercial real estate in the US rose about 1. The two biggest sectors driving the increase were industrial plants, with a rise of 9. Though these sectors still seem to be affected by the pandemic, they aren't in decline anymore.
There are about 5. Meanwhile, the number of occupied housing units is This means that housing units significantly outnumber commercial ones. If we take the total of That may leave out any structures that aren't counted as part of the housing or commercial property markets. Electrical injuries are separated into low-voltage and high-voltage injuries. They can result from a shock from an electrical appliance, electrical cord, or outlet. Accurate global numbers are not available because not all countries have accurate record-keeping systems for these types of accidents.
In an analysis of the top global causes of death electrical accidents did not make the list, but fires did make the list. Many fires are caused by an electrical malfunction. Another factor that makes it difficult to know how many people around the world are injured by electricity is that not all incidents are reported to the local authorities, especially if the injuries were not significant. Deaths by fatal injuries involving electricity are quite common. In a study of 5, deaths from unnatural causes between and , nearly one in 49 were due to electrical burns.
In all 88 cases of death by electrocution, 76 were males and only 12 were females. Much of the information that could be found on deaths by electrocution, including lightning, involved a close look at a single country or specific group of workers.
As with the total number of injuries by electricity, no solid global information could e found. As an example, there were 9, deaths by electrocution in India in alone. The main causes of electrical shock in the home are:. The most common type of injury when people are electrocuted are burns, both internal and external. They also experience electrolyte disturbances and organ damage. Those who have been injured by electrical shock are prone to kidney injury. The best data that we have about electrical injuries comes from the Bureau of Labor Statistics, which only covers accidents involving the workplace.
It only first began to compile data on this issue in Between and , work-related electrical fatalities dropped from around to about According to the Occupational Health and Safety Database, there were 63, reported electrical injuries between These agencies do not conduct such large surveys every year.
It also shows that different agencies can have significantly different numbers. This can be due to reporting requirements between the two agencies. One of the main causes of electrical injury is using an electrical device using an electrical device improperly or using a device for something for which it was not designed. One type of electrical injury that is well-tracked is death by lightning strikes. At present, it is at about 0. Approximately of them are due to high-voltage accidents.
Between are caused by lightning. Key Takeaway: Finding exact numbers that represent the number of people injured or killed by electrical accidents is difficult to find. Many different agencies track the information, but for various reasons. Data on electrical injuries is better for work-related injuries than for those that occur in the home.
Even considering this lack of statistical information, the numbers that we do have suggest that those working around and using electricity every day need to be mindful of the dangers.
Since the early s, the pet industry has seen a steady rate of increasing expenditures. Between and , growth hit a near plateau, rising in value at about the same dollar value in most of the years since. Between and , the industry's worth reached its highest growth rate, going from Consumers spend more on pets with each passing year. The visible result of this is a steadily growing stem of pet products ranging from all categories.
Pet industry profits fall within the categories of money spent on pet supplies, pet food, veterinary care, and animal medical supplies. With the rise of Covid and its ongoing effect on employment and business development, it might come as a surprise to some that is forecast to end with the pet industry's profit numbers climbing to Over the past three years, there has been no downturn in its yearly monetary increases.
For owners, pets are treated as if they're part of the family. That's why it's not surprising to note that trends forecast exponential growth in the category of pet care. And within this is the technology used for pets and tools used to care for them. Expect to see more advanced products such as tracking collars capable of monitoring a pet's health and on-the-spot health services to keep owners from making multiple trips to the vet.
The most conspicuous pet industry trend that will be seen by consumers is higher grade technology. Innovations will develop that sync their dog with tech that's commonly used by the owners themselves, such as smartphones. This isn't expected to have any effect on sales since consumer electronics related to pets tend to drop sharply in price over a short time period. With the amount of growth in the pet industry, high-tech medical appliances should become cheaper for owners to use for their pets during scheduled and emergency trips to a veterinarian.
Soon, vets will have the option of assigning medications for owners to provide their pets through an analysis of devices they use daily, such as collar monitors and embedded tracking devices. Overall, trends will increase the most in the way owners purchase what they need for pets, both online and in brick-and-mortar stores. Domesticated pets live longer than animals in the wild and require a proper diet of nutritious food to give them the energy they need.
Pet food businesses have seen no slowdown over the last thirty years. Since , pet food expenditures went from double to triple digits in expenditures. And since pet food retains the highest dollar amount of consumer spending related to the pet industry, it's anticipated to make rapid advances in the following decade.
There have been no decreases in consumer spending and more spending is expected in the years to come. The Covid pandemic has had a noticeable effect on the economy as a whole, but hardly on the pet industry. At this time, most nations are in the recovery stage and pet food businesses are booming.
With consumption spending making a comeback from where it was before the pandemic, all trends indicate that more spending on pet food products will be done within the next seven years, with fewer obstructions in supply chains. Although competition is sure to become more fierce, it'll encourage an uptick in consumer spending as businesses look for more novel ways to attack long-term customers.
The pet food industry has a large number of organizations spread throughout the globe. Since , it has had the largest revenue growth. They've been in business for over years and produce pet food for most animals taken in as pets, including dogs and cats. Other companies follow closely behind, however.
Another is Nestle Purina Petcare. When people think of a boutique, they think small but upscale. This is a niche that's very popular in the pet food industry. Businesses that operate in this manner are typically small, usually family-owned, or exclusive to only one city. However, that doesn't mean that they're not profitable.
On the contrary, many boutique pet stores maintain very good profit margins. Their clientele is small but dedicated, though there is a growing demand for pet consumers that prefer shopping at small, locally owned companies within reach of their home.
Many small-scale pet stores take in sales to the tune of nearly half a million dollars annually. Pet retail takes up a large chunk of the profit and growth within the entirety of pet businesses. Without it, the industry as a whole wouldn't see the development that it has today. Retail involves stores made to sell consumer pet goods to a customer, both in-person and online. In the United States, pet retail is the 38th highest in total market size, which is the number of all consumers in the country.
In retail size only the US is about the same, sitting as the 37th largest out of other retail businesses. It may superficially seem that the pet industry would have taken a big hit during the time in which Covid and spread throughout the country. But on the contrary, sales have continued in many retail businesses. Much of this is owed to the time in which the pandemic happened.
A flourish of online activity within retail in all categories has helped growth remain steady with each passing month. Retail profits have increased by over 25 percent in box stores with a net gain from 40 to 50 percent in the first quarter of the year. Working at a pet store is a bit different than other areas of retail. It involves not only having familiarity with the way retail businesses are run, but more the average knowledge on common household pets and the foods and appliances they need to be happy and healthy.
Many pet store owners have remained in business over the last two years, with most experiencing little to no slowdown in customer sales. Once foot traffic increases in the years after Covid, this number sees a surprisingly large increase. The idea of working from home has been around for several decades. The advent of the Internet and better communications has meant that many jobs could be done from places other than the office.
Although this possibility was available, only a few select industries took advantage of it in the beginning. Many companies had fears that workers would become lazy and unproductive if they were allowed to work from home.
This mindset came from the traditional workplace where the office was for work, and home was for relaxing. They feared that workers would not be able to get into a work mindset at home and that their company would suffer for it. There was a sense that workers needed to be monitored and controlled to get work done. Studies on productivity among workers found that in most cases, these fears were unfounded.
The study involved call center workers. Workers attributed the increase in productivity to the ability to take more calls per hour due to a quieter work environment. They also took fewer breaks and needed fewer sick days. It shouldn't be surprising that only certain jobs can be done from home. Many types of call center jobs and office work can be done more easily from home. These were the occupations with the highest number of workers doing at least some of their work from home.
Companies that allow all their employees to work from home full-time enjoy several business savings and benefits that can increase their competitive advantage. These include savings on rent and utilities, cleaning services, and property taxes. Companies also enjoy higher employee retention and increased productivity.
There are some downsides to this style of work. One of them is data security because employees often use their own systems, and there is no way to monitor security procedures.
If a data breach occurs, it could end up costing the company hundreds of thousands of dollars. Also, a data breach would cause the company to lose customer trust.
Companies can experience other potential savings, too. Another way that companies leveraged these savings in salaries was to offer the ability to work from home instead of a salary raise. These are only a few ways companies can lower their expenses by allowing workers to work from home. The situation is different for every business, and it is important to weigh the savings against the risks. The idea of working from home was already on the rise before the pandemic hit. It is not surprising that there are many differences in the types of jobs that can be done at home and the industries that have the most remote workers.
Overall, these statistics show favorable results in productivity for those who can work from home. Companies that allow working from home and flexible work schedules have an advantage in cost savings and an advantage when it comes to attracting and retaining the best employees.
As of , only That same year, the total recycling and composting rate was This equals 69 million tons of waste that were recycled and 25 million tons of organic matter that was composted. Thus far, 8. There is much room for improvement in this respect. It is not known the total percent of the world that recycles because data is not available for all countries. When it comes to recycling, Sweden is a country that is making headlines. One of the main criticisms of incineration is the air pollution that it creates.
We know that Germany is the country with the second-highest recycling rate of any in the world at Singapore's recycling rate is at These are the top countries that recycle the most waste. The recycling rates of these countries are nearly double that of the United States. Regardless of which figures are closer to reality, the bottom line is that we throw away much more than what could potentially be recycled.
It takes much more energy and resources to produce new products compared to what it does to recycle them. A total estimate of what the world could save is not available. Countries use different power consumption and have different means of generating it.
Request Sample. CG : Home Products. Get more information on this report : Request Sample Pages Household vacuum cleaners are electrical appliances utilized to clean floors and carpets using suction. Segment Overview: The household vacuum cleaners market is segmented based on product type, mode of sale, and geography. Rise in disposable income: Increase in disposable income of an individual is one of the top impacting factors for the vacuum cleaners market. Increase in rate of urbanization: Rise in urban population is one of the impacting factors for the vacuum cleaners market.
Technological advancement: Technological advancement in vacuum cleaners has made their operation more user friendly. Increased online retailing: The online sale of household appliances has increased in the recent past on account of convenience, comfort, and variety offered.
Key benefits The study provides an in-depth analysis of the household vacuum cleaners market, with current trends and future estimations to elucidate the imminent investment pockets. The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis. The value chain analysis signifies the key intermediaries involved and elaborates their roles and value additions at every stage.
The quantitative analysis of the market from to is provided to elaborate the market potential. Add To Cart. Buy Now. Call or Email us. Access from any device, anywhere Clients can easily download both quantitative as well as qualitative reports in PDF and excel formats. Connect To Analyst.
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