US Commercial Property
...

US Metro Employment (Sep.)

While the 3m/3m growth rate was positive in all metros in September, employment fell in Baltimore, Detroit, Los Angeles and Pittsburgh on the month. That left employment in just Austin, Phoenix and Tampa above its pre-COVID levels, while the shortfalls in the six major metros remained larger than the 30-metro average.
Sam Hall Assistant Property Economist
Continue reading

More from US Commercial Property

US Commercial Property Data Response

Commercial Property Lending (Dec.)

Commercial real estate debt ended 2021 with its largest monthly increase since the onset of the pandemic. Against a backdrop of strong investment activity, we expect commercial property lending to have a strong start to 2022.

17 January 2022

US Commercial Property Update

Comparing office occupancy changes across US metros

Combining the change in leased space with the rise in sublease availability gives a more complete picture of the change in demand across office metros since the onset of the pandemic. This gives a more intuitive match between demand patterns and rental trends that we have seen so far. This Update forms part of a set of publications that extend our existing office and apartment market analysis beyond the six major metros that we currently forecast. Over the coming weeks, we will be expanding our coverage to include an additional 11 US metros in our regular quarterly analysis and forecasts. That will include the release of a new metro focused Chartbook and enlarged office and apartment metro Outlooks.

11 January 2022

US Commercial Property Update

Key calls for US commercial real estate in 2022

The US economy is set to slow this year as elevated inflation and higher interest rates squeeze spending. Nevertheless, at the all-property level, we expect rental growth of around 3% y/y and NOI yields to see another large fall, driving double-digit total returns. Industrial will again be at the top of the table, with returns reaching 20%, but the three other major sectors should all see returns of close to 10%. We also expect another year of outperformance for the cheaper Sunbelt markets.

6 January 2022

More from Sam Hall

UK Commercial Property Data Response

Lending to commercial property (Sep.)

Net lending to UK commercial property was negative for the fourth month in a row in September, probably due to a rise in repayments. We expect further repayments, caution when seeking development opportunities and tight credit conditions to weigh on net lending in the coming months.

29 October 2021

UK Commercial Property Data Response

RICS Commercial Property Market Survey (Q3)

Surveyors reported a continued improvement in occupier demand and investment enquiries in Q3, and notably the net balance for offices turned positive on both measures. That said, surveyors expect office and retail values to fall over the next year, while the industrial sector looks set to deliver strong growth.

28 October 2021

US Commercial Property Data Response

Commercial Property Lending (Sep.)

Outstanding real estate debt increased for the fourth consecutive month in September, thanks to net lending turning a corner in the residential sector and accelerating in the commercial sector.

15 October 2021
↑ Back to top