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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 – June 2024

Labor market moving closer to equilibrium even amid strong hiring. Total employment increased by 272,000 in May, coming in above the average monthly gain year-to-date. Despite this uptick in job creation, there are several signs that overall labor demand is cooling and moving closer in line with labor supply. Nearly half of last month’s hiring was concentrated in just two main employment sectors, which includes roles in government. It is likely that public sector staffing needs… Read More

CNBC – The Forces Shaping Retail Real Estate

CNBC Features Marcus & Millichap CEO Hessam Nadji Headwinds, Opportunities, and the Investment Climate  How will the mixed outlook on movie theaters impact retail real estate? The three types of experiential retail that are critical to the retail property outlook. Why retail properties are one of the most sought-after real estate investments. How interest rates and the capital markets are shaping the retail investment climate.

PERCEPTIONS OF THE CRE INVESTMENT MARKET

Will a wave of distress hit CRE markets this year? What different distress measures tell us about property performance. How can investors use this cycle to better position themselves moving forward?

Research Brief: Inflation – May 2024

Key CPI measures resume descent. Annual growth in the headline and core consumer price indices — the latter of which omits food and energy — lowered to 3.4 and 3.6 percent in April, respectively. While bumpy inflation over the last few months curbed Wall Street  expectations for near-term overnight lending rate cuts by the Federal Reserve, April’s cooler readings suggest the Fed is still making meaningful progress in bringing pricing pressures down. Further stripping out housing… Read More

WHAT APRIL INFLATION DATA MEANS FOR INVESTORS

Why the Fed’s rate decisions may differ from the consensus perspective How generational differences in “normal” interest rates affect real estate strategies The key trends real estate investors should continue to monitor

POTENTIAL RISKS INVESTORS SHOULD MONITOR

Why the unemployment rate will be the number to watch in coming months What a recession could mean for Commercial Real Estate How the Federal Reserve could respond to a recession and implications for CRE

Research Brief: Gross Domestic Product – April 2024

Key GDP growth contributors post positive results. Real gross domestic product increased at an annual rate of 1.6 percent during the first quarter of 2024. While this is a deceleration from the 3.4 percent rate from the final quarter of last year, the economy still grew in several areas. U.S. residents continued to spend robustly, with final sales to private domestic purchasers up 6.1 percent annualized, the best mark in a year. Residential and non-residential… Read More

INVESTOR OPINIONS ON CRE PRICING

Why do institutional and private investor views on market timing differ? Are there CRE opportunities that investors can capitalize on today? Which properties should investors consider selling today?