Filtered by Subscriptions: US Commercial Property Use setting US Commercial Property
Delta variant hits leisure & hospitality jobs in over a third of metros Delta variant fears resulted in leisure and hospitality employment falling in 12 of the 30 metros. Of these, Atlanta, Austin, Charlotte and Dallas were the worst hit. Leisure and …
29th September 2021
Signs point to further strong lending volumes in the coming months All real estate sectors saw growth in outstanding debt for the second consecutive month in August. What’s more, the third consecutive monthly increase in commercial real estate debt of …
10th September 2021
Employment still 5%-10% below pre-COVID level in six major metros Job growth showed no sign of slowing in July, with gains in the leisure & hospitality sector continuing to drive the recovery. This benefitted Boston, Washington D.C. and New York City …
1st September 2021
Signs point to further strong lending volumes in the coming months Outstanding real estate debt growth accelerated in July, supported by increases in residential, multifamily and non-farm commercial real estate debt. And with demand for loans growing on …
13th August 2021
Market sentiment rebounds, while office picture brightens Improvements in occupier demand boosted market sentiment in Q2. With over half of surveyors perceiving the property cycle to be in an upturn, prospects for H2 performance look solid. But while we …
29th July 2021
Office-based jobs return to pre-pandemic level in nearly a third of metros Employment growth accelerated in June, helping office-based employment return to pre-pandemic levels in almost a third of metros. But the 3m/3m growth rate in total employment was …
28th July 2021
Q2 returns point to investors becoming increasingly aggressive on pricing All-property total returns strengthened again in Q2, reflecting improvement in all sectors. Industrial returns set a new quarterly record for the sector, while office and retail …
27th July 2021
Employment still down 10% despite gains in leisure and hospitality Employment growth in May was positive in all metros, largely driven by gains in the leisure & hospitality sector. This benefited Orlando, Los Angeles and Las Vegas the most, but still left …
30th June 2021
CRE lending growth to ramp up slowly this year Commercial real estate debt held by banks grew again in May. But while we expect growth to accelerate as the year progresses and confidence returns, investor caution toward the office and retail sectors will …
11th June 2021
Slow jobs recovery means employment in largest metros still 10% down Employment growth in the three-months to April was positive in all 30 of the largest metros. However, the rate of growth remains slow as labour shortages weigh on the jobs recovery. As a …
2nd June 2021
Lending standards set to ease in the coming months Outstanding commercial real estate debt nudged higher in April. And with the vaccine rollout allowing more of the economy to reopen and lending standards set to loosen, we expect to see further gains in …
14th May 2021
Industrial has strong start to 2021; office and retail fall further behind Weakness in office and retail occupier demand weighed heavily on market sentiment in Q1. Commercial property agents are therefore downbeat about rental and capital values in these …
29th April 2021
Domestic tourism could be key to spring and summer outperformance Employment growth in the three-months to March was positive in almost all metros, but those in southern states tended to be the better performers. With Miami’s hospitality sector performing …
28th April 2021
Q1 returns point to upside risk to our forecasts, particularly for industrial 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 …
27th April 2021
Commercial property debt to benefit from easing restrictions 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 …
9th April 2021
Leisure & hospitality sector re-openings will drive H1 2021 outperformance 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 …
7th April 2021
Fall in commercial property debt not the start of a sharp decline 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 …
12th March 2021
Commercial property borrowing beginning to show signs of life 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. …
12th February 2021
Big rise in share of surveyors who think the worst has passed 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 …
28th January 2021
Nascent signs of investors returning pose an upside risk to the outlook 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 …
26th January 2021
Commercial property debt to see slow growth in the first quarter 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 …
15th January 2021
Rise in commercial property debt at risk from new lockdowns 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
Commercial property debt stable again as repayments resume 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
Surveyor sentiment still weak, but industrial outlook strengthens again 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 …
29th October 2020
Returns improve in Q3, but significant risks to values ahead 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, …
27th October 2020
Strongest month since virus onset, but unlikely to last 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
Non-bank lending may explain drop in outstanding residential debt 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 …
11th September 2020
Loan payment deferrals in worst-hit sectors could be clouding the picture 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 …
14th August 2020
Office and retail sentiment deteriorates, industrial bounces back 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 …
30th July 2020
Returns fall sharply in Q2, with more pain expected in H2 As expected, all-property total returns turned negative in Q2, led lower by sharp markdowns in the retail and hotel sectors. And, while rental values and capital values fell in all sectors last …
27th July 2020
Commercial property lending weaker again as transactions slow markedly Total debt secured against real estate nudged lower again in June. More timely weekly data point to signs that residential lending has already begun to grow again as housing demand has …
10th July 2020
Commercial property lending started to fall in late May Debt secured against real estate fell in May. While this was mostly driven by a decline in outstanding residential loans, weekly data show that debt secured against commercial property flattened out …
12th June 2020
Commercial property lending slowing, but held up by refinancing The stock of outstanding debt secured against commercial property grew again in April. But lending started to fall back in the second half of the month as demand for and supply of new …
15th May 2020
Sharp deterioration in activity and expectations, but worse to come Commercial property agents reported a dramatic deterioration in activity in Q1 and a commensurate fall in expectations for both rents and capital values. But with lockdowns extending deep …
30th April 2020
Commercial real estate returns dip in Q1, but likely to turn negative in Q2 Data for the first quarter show that all-property total returns saw their weakest quarterly performance since the tail-end of the GFC. Given that occupier market conditions have …
28th April 2020
Signs of slowing lending growth, but bigger shifts still to come The amount of debt secured against real estate and held by commercial banks continued to grow in March. But the bigger picture is that the rate of growth of lending is showing signs of …
10th April 2020
Solid bank lending likely to unwind in the coming months The sum of outstanding commercial bank lending secured against real estate climbed to a new high in February. But with demand for new loans set to soften over the coming months as transactions …
13th March 2020