Research

Our research methodology integrates historical and current economic, demographic and real estate factors which enables our Research Services department to develop comprehensive market forecast scenarios.

Special Report: Financial Markets – Banking Shock Response

Bank Closures Could Sway Federal Reserve Decision, Fast Government Response Alleviates Contagion Concerns The collapse of Silicon Valley Bank and Signature Bank sent shock waves through capital markets, but agencies have been quick to counter it from spreading. Expectations for a smaller interest rate hike at the upcoming FOMC meeting has meanwhile been a byproduct of the recent events. The Fed will likely tread more cautiously despite persistent inflation and resilient employment. Key Features: Timeline… Read More

IMPLICATIONS OF FEDERAL RESERVE RATE POLICY

Does the banking sector face heightened risk of contagion and additional closures? Interest rate whiplash – how bank failures radically changed the debt capital outlook Could bank closures actually bring more stability to the lending climate?

Research Brief: Financial Markets – March 2023

Prominent tech and venture capital bank closes. Silicon Valley Bank (SVB), the country’s 16th-largest bank, was seized by California state regulators on Friday, March 10 and placed into FDIC receivership in the largest banking collapse since 2008. Recent troubles in the technology and cryptocurrency sectors, of which SVB was a prominent financier, led to major deposit outflows at the bank, forcing the institution to sell bond holdings before their maturity to procure cash to cover these… Read More

HOW CONSUMER SENTIMENT IMPACTS CRE

The forces slowing household formation and apartment demand What the trends mean for the retail and industrial sectors How investors can capitalize on the emerging trends

Research Brief: Retail Sales – February 2023

All brick-and-mortar categories record monthly increases. Store-based retail sales, which exclude spending online and at restaurants and bars, climbed 1.7 percent in January, marking the largest monthly rise in nearly two years. Reversing a recent down trend, gains were widespread across store types, highlighted by notable improvements in furniture, appliance and clothing-related purchasing. This broad-based increase signals that consumers, while pressured by inflation, still have solid cash reserves and borrowing capacity following the holidays, a boon… Read More

Research Brief: Employment – February 2023

Employment gain hits highest point in nearly a year. Job growth surged in January, as a net 517,000 positions were created on a seasonally-adjusted basis. January’s employment gain not only surpasses last year’s monthly average of 401,000 jobs, but it was also the most active period for hiring since February 2022. While the end to a California education labor dispute contributed to a jump in government onboarding, most of the job additions were in the… Read More

HOW THE CURRENT ECONOMIC CLIMATE IMPACTS CRE

Do economists’ rising 2023 GDP forecasts imply a soft landing? What the strengthening economic outlook means for CRE investors Could the economy still experience a recession in 2023?

COMMERCIAL REAL ESTATE INVESTMENT FORECAST: Retail – 2023

Retail real estate generally outperformed investor expectations throughout the pandemic and enjoyed a healthy bounce last year in regards to rents and operations. This positive momentum has drawn increasing investor attention. To help investors capitalize on the nuances of the current climate, Marcus & Millichap presents the 2023 Retail National Investment Forecast. Key Features Include: A detailed outlook for the U.S. retail sector in 2023 Metrics, forecasts and analyses for 50 markets across the country… Read More