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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.

WHAT INFLATION MEANS FOR INVESTORS

Why the Fed will slow-play rate reductions Key portfolio strategies investors can use this year Why investors need to “roll-up-the-sleeves” in 2024

Yahoo! Finance – Why CRE Investors Are Cautiously Optimistic

Yahoo! Finance Features Marcus & Millichap CEO Hessam Nadji Key Trends Supporting Rising Investor Sentiment  The key trends bolstering CRE sentiment and why so much capital is targeting the sector. Which catalysts are likely to increase transactions? The challenges and opportunities facing multifamily investors. Why retail real estate has become a leading investment opportunity.

EMPLOYMENT MARKET AND THE FED

Which employment sectors are outperforming? How employment trends impact the CRE property outlook What challenges could impact the Federal Reserve’s decisions on interest rates?

Research Brief: Employment – February 2024

The year kicks off with strong job growth. Total employment rose by 353,000 in January, the largest increase since the same month in 2023, and similar to the 333,000 roles added in December. Unemployment held steady at 3.7 percent for the third month in a row despite this increase. Job gains predominantly occurred in…

INSIGHTS FROM THE NMHC CONFERENCE

Why investors at NMHC Conference believe transaction activity will increase in 2024 What the Fed’s January policy decision means for investors The key forces influencing investor decisions in 2024

2024 MULTIFAMILY INVESTMENT FORECAST BOOK

Demand for Multifamily Housing Improving Amid Durable Economy, But Benefits Disguised by Ample New Supply Following a year of above-expectation economic growth, momentum appears to support sturdy, albeit modest, gains in 2024. Against this generally positive backdrop, the multifamily sector is contending with its own dynamics, chief among them being the challenge of record new supply. How each market responds to this and other issues will be unique. The 2024 National Multifamily Investment Forecast offers… Read More

WHAT RETAIL SALES TRENDS MEAN FOR CRE

Which retail segments are outperforming? Which property types will get the largest boost from consumption? How consumer behavior is driving CRE performance

Research Brief: Inflation – January 2024

Markets predict Fed cut in March, even with bump in CPI. Headline inflation ticked up to 3.4 percent over the year ended December 2023, as both energy and shelter costs accelerated during the month. While this higher reading appears to complicate the Federal Reserve’s stance on monetary policy in 2024, market probabilities for a rate cut in March actually grew over 500 basis points, to about 70 percent shortly after the CPI data release. The… Read More

Research Brief: Employment – January 2024

December job additions fall short of the monthly average. Employers closed out the year by adding 216,000 positions in the final month, while the unemployment rate remained unchanged at 3.7 percent. Although this was up from the prior two months, it sustains the trend of slowing addition, with December falling below the 2023 monthly average. This presents a sign that while hiring is still strong despite the pressure of high interest rates on company finances,… Read More