As the pandemic progresses through its lifecycle, the demand for commercial real estate continues to evolve with some property types and markets struggling and others booming. Detailed market-specific insight is critical to ascertain where individual real estate markets are currently at and where they are heading. Dr Glenn Mueller’s quarterly Commercial Real Estate Cycles report …Read more
While housing markets turned hot after the first four months of the pandemic last year, commercial real estate still struggles. Even prior to the pandemic there were growing trends of e-commerce migrations out from the higher-tax, greater density markets and growing work-from-anywhere jobs negatively impacting commercial property. The pandemic magnified and accelerated these trends. Detailed …Read more
Total retail sales are now once again strong, just like a faucet running at full flow. Depending on the type of goods being sold, however, the temperature of sales ranges from hot to cold. Total real (inflation adjusted) retail and food service sales were up 4.4 percent in October 2020 versus one-year ago, as shown …Read more
This roller-coaster pandemic-altered economy is generating a smoke screen on the underlying fundamentals of the commercial real estate market. While Jobs are everything to an economy, the U.S. is still short from where it was in February of this year. While the housing market has boomed (since we have so much time at home), the …Read more
Retail sales (including food services) dominate the U.S. economy typically making up 70 percent of Gross Domestic Product (GDP). GDP is essentially the value of all goods and services produced. Retail sales plunged 20.7 percent from February 2020 (baseline prior to the Coronavirus impact) to April 2020, but has since recovered to an all-time record …Read more
Jobs are everything to an economy. Period. They create effective demand for real estate – residential and commercial — enabling not just the need and want but also the ability to pay. The U.S. just posted the largest drop in jobs in history in April 2020, shedding 22.16 million workers –which in turn triggered a …Read more
Dr Glenn Mueller’s Q1 2020 Real Estate Market Cycle Report just arrived. Under normal circumstances, this timely report allows the latest purview in just eight pages of 54 commercial markets across the country for apartment, Industrial, office, and retail properties. Now, given the massive economic erosion in many markets across the country since the second-half …Read more
In addition to the medical and humanitarian aspects of the Coronavirus, the economic impact is momentous, unlike anything seen in our lifetimes. As of the end of February, less than 6 million of the U.S. total 164 million workforce were unemployed. That has exponentially exploded to more than 26 million today — with no slowing …Read more
This quarterly Must Read report for commercial real estate professionals was just released. Dr. Glenn Mueller’s Real Estate Cycles Q4 2019 report provides a concise overview of office, apartment, retail, and industrial commercial real estate markets across the country for 54 major metros based on almost 300 models tracking occupancy and rental rates. Hotels were …Read more
This quarterly Must Read report for commercial real estate professionals was just released. Dr. Glenn Mueller’s Real Estate Cycles Q3 2019 report provides a concise overview of office, apartment, retail, and industrial commercial real estate markets across the country for 54 major metros based on almost 300 models tracking occupancy and rental rates. Hotels were …Read more