Home prices may be slipping, but it’s a seller’s market for job seekers. Commercial real estate firms say they are in full-tilt hiring mode, struggling to replenish employee ranks decimated by the pandemic. Positions remain vacant at every level, from mission-critical C-suite executives and senior portfolio managers to property operators and construction workers. Catchphrases like […]
Institutions that once focused solely on multifamily assets are increasing allocations across a broader spectrum of rental housing strategies. Supply/demand fundamentals paint a fairly compelling picture for market-rate and affordable residential investments. “We’re subscribers to the belief that the U.S. is undersupplied on quality product that is affordable to live whether you’re owning it or […]
With capital shifting from the more challenged office and retail sectors toward residential, investors are increasingly broadening their scope to include different forms of for-rent housing. Yet some wonder whether these new schemes are simply a repackaging of a familiar product — and whether doubling down in this segment creates unwelcome correlations in a downturn. […]
A confluence of forces has kept more younger buyers out of the homeownership game until now. What is the outlook for these factors going forward? Unattainable home prices. The national median existing home price reached a new all-time high of $416,000 in June 2022, up 13.4 percent from a year prior, marking more than a […]
Demand for sustainable assets keeps expanding relentlessly. In the real estate market, a progressive decarbonization of portfolios is happening, and an increasing percentage of assets have some sort of environmental labeling. Yet, at the same time, most investable stock does not comply with the criteria required by investors and tenants. It falls short of upcoming […]
The Editorial Advisory Board of Institutional Real Estate Americas gathered for its fall 2022 board meeting in Pasadena, Calif., at the beginning of September. Prior to the meeting, we asked attendees to share the questions they have for each other, the issues they are dealing with at their organization, and the concerns that keep them […]
We have a long journey still ahead of us, but, on the evidence to date, the 21st century will be a master class in the management of uncertainty. The dot-com bust that saw the Nasdaq Composite Index fall by 76 percent, peak to trough, between March 2000 and October 2002; the global financial crisis (2008); […]
Welcome to the “age of disruption.” Inflation, recession, deglobalization, supply chains, work from home, technology, geopolitics and more all combine to create an investment period that feels different than past cycles because everything appears to be hitting at once. It all boils down to disruption, which was the key theme at the fall 2022 Editorial […]
In the initial months of the COVID-19 pandemic, the move toward online education created some headwinds for investors in student accommodation. But fundamentals in the student housing sector have strengthened remarkably. “With leasing velocity exceeding pre-pandemic levels by 6.5 percent, rent growth averaging 5.7 percent, new deliveries down and enrollment recovering from the impact of […]
Despite recording some of the best investment returns in history, the state retirement systems in the United States are still fragile, says a recent report issued by the Equable Institute. Although record investment returns and economic growth have driven the aggregate funded ratio of U.S. state and local pension plans up to 84.8 percent for […]
Rising inflation may put a damper on holiday shopping activity. Holiday retail sales are likely to increase between 4 percent and 6 percent in 2022, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and consumer products practice predicts that holiday sales will total $1.45 to $1.47 trillion during the November to January timeframe. […]
The life sciences sector is holding strong, despite recent macroeconomic deceleration, interest rate volatility and a slowdown in venture capital funding, a recent report from Newmark has found. The report, 2022 Mid-Year Life Science Overview & Market Clusters, notes that both tenant and investor demand for laboratory, incubator and biomanufacturing (GMP) space improved significantly throughout […]
The U.S. economy added 315,000 nonfarm payrolls in August, according to the Bureau of Labor Statistics, and the unemployment rate ticked up to 3.7 percent. In addition, the employment totals for June and July were revised downward to 293,000 and 526,000, respectively. By employment category, the biggest gains were in professional and business services, which […]