Partial lockdowns moderate hiring in July. The labor market continued to improve last month with the addition of 1.8 million jobs, below June’s gain of 4.8 million personnel. Business closures stemming from a rise in new COVID -19 cases in some parts of the country are slowing the pace of recovery. Total employment remains 12.8 million positions short of the February level and closing that gap will take time as more temporary layoffs become permanent… Read More

Yahoo! Finance Features Marcus & Millichap’s President and CEO Hessam Nadji Investment Opportunities In This Market Cycle Unfolding impact of pandemic on urban vs. suburban areas Why urban residential and office space trends vary Positive indicators in owner/tenant partnerships Why a long-term outlook is key to winning investments    

TD Ameritrade Features Marcus & Millichap’s President and CEO Hessam Nadji                                                           Keys To Risks and Opportunities Short-term market impact vs. long-term opportunities Trends by property type creating a wide range of options How Marcus & Millichap has positioned itself defensively and offensively Markets to watch during upcoming… Read More

CNBC Features Marcus & Millichap’s President and CEO Hessam Nadji Migratory Patterns in the Age of Coronavirus Factors behind suburban movement beyond the pandemic Office space strategies Outlook on suburban vs. urban real estate Trends impacting commercial real estate investments  

Yahoo! Finance Features Marcus & Millichap’s President and CEO Hessam Nadji COVID-19 and the Future of Commercial Real Estate Marcus & Millichap’s strategy/response to market disruption Structural vs. temporary changes to office/work models Mitigating the domino effect of rent nonpayment Finding opportunities within the market disruption    

Fox Business  features Marcus & Millichap’s President and CEO Hessam Nadji                                                                    A Turning Point for Commercial Real Estate? Views on real estate pricing in the short- to mid-term Is the government response enough to support distressed real estate sectors? Does remote work… Read More

TD Ameritrade  Features Marcus & Millichap’s President and CEO Hessam Nadji Reality Check and Prospects for Recovery Marcus & Millichap’s strategy pre- and post-COVID-19 What do occupancy rates mean for CRE? Impact of a shutdown on occupancies/rent Property type divergence now and in recovery Outlook on CRE investment and capital flows  

Economy suffers most in postwar period. Gross domestic product (GDP) declined by 32.9 percent in the second quarter as businesses were closed or forced into limited operation to prevent overwhelming the nation’s healthcare system. The decline was in line with expectations and sets the stage for a recovery featuring the largest ever gain in GDP in the third quarter of this year. Although the reduction in the broadest measure of the economy highlights the depth… Read More

Stop-and-go economy reflected in consumer confidence. After surging as businesses reopened in June, the Consumer Confidence Index dipped in July as states reinstated some restrictions. The overall index is 92.6, down from 98.3 last month and 132.6 in February. July marks the fourth consecutive month the index has trended below the 100 threshold, following 44 months above the benchmark level. In addition to closures, uncertainty regarding the new level of federally supplemented unemployment benefits, a… Read More

Job growth increases as economic restoration continues. The labor market recovered further in June as unemployment fell 220 basis points to 11.1 percent and 4.8 million people returned to work, the largest monthly job gain on record. While the pace of rehabilitation is accelerating, total employment still lies 9.6 percent below its pre-pandemic level with 14.7 million fewer jobs in the market than in February 2020.