Commercial Real Estate Cycle – Dr. Glenn Mueller at Dividend Capital
Posted by Ted C. Jones on March 5, 2012
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Dr. Glenn Mueller (at Dividend Capital which has several REITs) is one of the top experts in Commercial Real Estate Cycles and produces a quarterly report on commercial real estate market cycles covering more than 50 Metropolitan Statistical Areas (MSAs) including five property types. And thanks to the acquisition of a prior data provider to this data series by the CoStar Group (and CoStar’s rich data), the Dividend Capital–Glenn Mueller’s analysis is even more inclusive and market-spanning today than ever before.
The five property types include:
- Office
- Industrial
- Retail
- Multifamily (Apartments)
- Hotels
All of these property types are expected to improve in 2012 per Dr. Mueller’s research. In each, occupancies rose in Q4 2011, and in all but one (hotels), rents increased for the quarter, although Hotel RevPar—Revenue Per Available Room, increased 8.9 percent in 2011.
Dr. Mueller defines cycles in four differing stages (Phases):
- Recovery
- Expansion
- Hyper Supply
- Recession
The Q4 2011 report can be downloaded at: http://www.dividendcapital.com/why-real-estate/index.html
Dividend Capital’s Website is: http://www.dividendcapital.com/index.html
Prior market cycle reports can be viewed at: http://www.dividendcapital.com/why-real-estate/market-cycle-reports/index.html
I believe the power of this research allows current and prospective investors the ability to make much better informed decisions. This is one of these genuine gems in the commercial real estate data field.
Ted
