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.

Research Brief: Employment – December 2020

Heightened health risks temper job growth. Employers added 245,000 personnel to payrolls in November, bringing the total number of jobs created since April to 12.3 million. Last month’s gain, while above the historical average, was nevertheless the smallest of the pandemic period. This moderation in hiring is tied largely to the cessation of fiscal stimulus as well as a major resurgence in coronavirus infections. The return of stricter lockdown requirements will weigh on overall employment growth… Read More

Fox Business – Don’t Judge Retail By Its Cover

Fox Business features Marcus & Millichap’s President and CEO Hessam Nadji  Don’t Judge The Retail Book By Its Cover What the eCommerce surge means for brick & mortar stores The transformation of retail – where adaptive reuse makes sense Retail still faces severe headwinds, but many segments are outperforming    

Research Brief: Retail Sales – November 2020

Retail sales gains slow. Buoyed by Amazon Prime Day sales, retail sales inched up 0.3 percent in October. Core retail sales ticked up 0.2 percent last month as the pace of consumer spending gains returned to normal levels. Future gains in several sectors remain in doubt due to a flurry of new restrictions across the country as coronavirus case counts rise. New York, New Jersey and New Mexico have already announced tighter limitations due to… Read More

Research Brief: Employment – November 2020

October job additions consistent month over month. Employers hired 638,000 personnel last month, modestly below the 672,000 positions created in September. This more consistent level of job creation reflects the benefits of continued economic reopenings, although the recent rise in the number of coronavirus cases presents fresh concerns. The rate of infection has roughly doubled since the October employment data was collected and the possibility of new lockdowns or warinesses to gather in person may… Read More

Research Brief: Gross Domestic Product – October 2020

U.S. records strongest quarterly gain on record. Reopening local economies pushed GDP growth to 33.1 percent in the summer quarter. Although the gain was on the high end of expectations, the overall economy remains 3.5 percent below the level at the end of last year. Following strict shutdowns in April and May, most states began to relax restrictions on nonessential businesses to some degree. At the same time, CARES Act stimulus started reaching households as… Read More

Research Brief: Retail Sales – October 2020

Consumer spending gains strong in September. After the pace of retail sales growth slowed in August following the end of CARES Act stimulus, shoppers accelerated activity by 1.9 percent in September. Year over year, core retail sales are up 5.9 percent. A combination of healthy payroll growth, back-to-school spending, and disaster-relief unemployment aid supported the increase. Retailers in every state have been permitted to open their doors, though the capacity restrictions vary across the country.… Read More

CNBC – Has the Health Crisis Transformed Real Estate?

CNBC Features Marcus & Millichap’s President and CEO Hessam Nadji  Has the Health Crisis Transformed Real Estate? Short-Term Trends and Long-Term Perspective Health crisis has accelerated suburban revival of apartments and office Urban markets face slackening space demand – but will this trend hold? Some commercial real estate sectors have outperformed in pandemic Why urban markets will eventually make a comeback    

Fox Business – Looking Beyond the Surface – Commercial Real Estate in Perspective

Fox Business features Marcus & Millichap’s President and CEO Hessam Nadji  Looking Beyond the Surface – Commercial Real Estate in Perspective Bifurcating commercial real estate trends in real time The retail revival investors see beyond COVID-19 Government stimulus and hardest-hit sectors Why surface trends don’t necessarily spell doom for the office market  

Research Brief: Employment – October 2020

Employment base expands at moderated pace. Employers added 661,000 personnel to payrolls in September, restoring 11.4 million of the 22.2 million positions lost in March and April. Despite these gains, last month’s total of under 1 million new roles continued the recent trend of slowing growth.

Research Brief: Retail Sales – September 2020

Consumer spending growth normalizes in August. Retail sales from the U.S. Census provides a glimpse into the pace of an economic expansion without additional support from the legis-lative branch. Much of the stimulus provided by the CARES Act culminated at the end of July and executive action to extend un-employment benefits did not take effect until late August or early September. Even without broad federal support, retail sales still increased 0.6 percent last month to… Read More