US Commercial Property Data Response NCREIF Property Index (Q1 2021) All-property total returns rose again in Q1, driven by improvements in all sectors, although retail and hotel returns were again negative. But the industrial sector boom continued, with six-month... 27th April 2021 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Mar.) Commercial real estate debt fell for the second consecutive month in March. That likely reflects weak investment activity due to virus restrictions. But, as constraints continue to ease and investment... 9th April 2021 · 2 mins read
US Commercial Property Data Response US Metro Employment (Feb.) Employment growth in the three-months to February was heavily influenced by the rate of virus cases and consequent restrictions in place. And office-based jobs growth is still strongest in mid-sized... 7th April 2021 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Feb.) After a stronger than expected increase in January, commercial real estate debt fell back in February. This suggests that last month’s gain was a one-off and not the start of a rapid acceleration... 12th March 2021 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Jan.) Commercial real estate debt growth picked up in January, seeing its strongest rise since April. That likely reflects a sharp increase in investment deals completed at the tail-end of 2020. While this... 12th February 2021 · 2 mins read
US Commercial Property Data Response RICS Commercial Market Survey (Q4) Market sentiment remained close to cyclical lows, with rental and capital value expectations deeply negative for office and retail. But there are signs that the market is nearing a turning point, with... 28th January 2021 · 2 mins read
US Commercial Property Data Response NCREIF Property Index (Q4 2020) All-property total returns strengthened in Q4, broadly as we had expected. And the data continued to point to the importance of sector selection to returns. Perhaps the real surprise was that NCREIF... 26th January 2021 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Dec.) Commercial real estate debt growth slowed in December, probably reflecting a softening in investment activity on the back of renewed lockdowns. This points to a similarly slow start to 2021 before the... 15th January 2021 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Nov.) Commercial real estate debt growth accelerated in November. However, renewed lockdowns in many states may slow the recovery in investment activity, limiting debt growth in the next few months. 11th December 2020 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Oct.) Outstanding real estate debt fell markedly in October, but this was fully driven by a drop in residential loan balances. Commercial real estate debt was up only marginally, but the bigger point is... 13th November 2020 · 2 mins read
US Commercial Property Data Response RICS Commercial Market Survey (Q3) Occupier market sentiment remained at cyclical lows, but there was a small sign of improvement in the investment market. But we expect that only to be short-term respite, as the coming quarters are... 29th October 2020 · 2 mins read
US Commercial Property Data Response NCREIF Property Index (Q3 2020) All-property total returns moved positive again this quarter, as valuation downgrades reduced markedly. A lack of forced sellers has limited transaction activity and reduced observable evidence, which... 27th October 2020 · 3 mins read
US Commercial Property Data Response Commercial Property Price Indices (Sep.) The RCA Commercial Property Price Index for all-property nudged higher in September, driven by improvements in the office and apartment sectors. But, with the exception of the industrial sector... 23rd October 2020 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Aug.) Total real estate debt held its ground in August, as a rise in commercial debt was offset by a drop in residential. The rise in the former can be explained by rent arrears, particularly in the retail... 11th September 2020 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Jul.) July’s increase in real estate debt was mostly driven by residential loans, but commercial property debt also ticked higher. However, with investment totals weak in Q2, this could simply reflect the... 14th August 2020 · 2 mins read
US Commercial Property Data Response RICS Commercial Market Survey (Q2) Commercial property agents reported a worsening in activity and forward-looking sentiment for both the office and retail sectors this quarter. In contrast, there was a sharp improvement in industrial... 30th July 2020 · 3 mins read
