US Commercial Property Data Response Commercial Property Lending (Oct.) CRE lending saw a surprise uptick in growth in October following a rebound in the multifamily sector, although net lending remains below the average for this year. Despite the bounce-back this month... 14th November 2022 · 3 mins read
US Commercial Property Data Response US Metro Employment (Sep.) Employment continues to trend higher across the 30 metros, but nearly half remain short of pre-pandemic peaks, including all six major metros. Indeed, with job growth slowing, we don't expect... 2nd November 2022 · 2 mins read
US Commercial Property Data Response RICS Commercial Market Survey (Q3) The RICS Q3 survey indicated confidence has continued to fall from last quarter, as occupier sentiment turned negative for the first time in 2022. With a US recession looking likely early next year... 27th October 2022 · 2 mins read
US Commercial Property Data Response NCREIF Property Index (Q3 2022) As expected, NCREIF all-property total returns dropped back significantly in Q3, to just 0.6% q/q, as investor demand pared back in response to higher alternative asset yields and the poor outlook for... 26th October 2022 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Sep.) CRE lending growth slowed significantly in September, with both multifamily and other commercial sectors seeing the smallest rise in outstanding debt for at least six months. We expect the rate of... 17th October 2022 · 2 mins read
US Commercial Property Data Response US Metro Employment (Aug.) The greater number of metros seeing a decline in total jobs in August comes as little surprise given the slowdown in the national data this month. But for the major six metros and poorer performing... 28th September 2022 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Aug.) CRE lending saw an even stronger rise in August than in July, with multifamily and other commercial sectors both seeing a large increase in outstanding debt. But there are signs that the rate of... 12th September 2022 · 2 mins read
US Commercial Property Data Response US Metro Employment (Jul.) Almost all metros saw further gains in total employment in July, with Dallas continuing to lead, and joined by Houston, Charlotte and Miami as the fastest growers. But office-based employment growth... 31st August 2022 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Jul.) CRE lending was again exceptionally strong in July, outpacing even the gains seen in recent months. But with investment transaction totals softening in Q2 and our expectation of a further slowdown in... 15th August 2022 · 2 mins read
US Commercial Property Data Response US Metro Employment (Jun.) There was little evidence of any slowdown in June’s job figures, but the deep divisions in performance at the metro level remained. Dallas and Austin stood out on a range of comparisons, while... 3rd August 2022 · 2 mins read
US Commercial Property Data Response RICS Commercial Market Survey (Q2) The latest RICS survey for the US highlighted the steepest drop in confidence since early 2020, abruptly reversing the building optimism of recent quarters. This adds to the growing evidence that the... 28th July 2022 · 2 mins read
US Commercial Property Data Response NCREIF Property Index (Q2 2022) NCREIF total returns fell back again in Q2, dropping to 3.2% q/q from their end-2021 peak of over 6%, as higher interest rates and weaker growth hit property performance. We expect the remainder of... 26th July 2022 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Jun.) CRE lending growth was again strong in June, but outside of the multifamily sector, there are signs the rate of growth may have peaked. And with investment transactions slowing, we expect a... 18th July 2022 · 2 mins read
US Commercial Property Data Response US Metro Employment (May) Employment growth slowed last month, but remained above its historic averages. The big gainer in May was Dallas, which recorded the strongest 3m/3m growth in both total and office-based employment... 29th June 2022 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (May.) Commercial real estate debt continued to grow at a decent pace in May, in line with the recent strength in investment activity. However, we expect a weaker economic backdrop to weigh on commercial... 13th June 2022 · 2 mins read
US Commercial Property Data Response US Metro Employment (Apr.) The ongoing jobs recovery continued in April, although employment remained below its pre-pandemic level in more than half the 30 metros covered. Those losers tend to be expensive coastal metros and... 1st June 2022 · 2 mins read
