November 26, 2022

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Credit rating agency KBRA put together a list of a dozen aspects of credit as macroeconomic pressure waves continue to race about the country and globe. No mention directly of commercial real estate, but CRE sits in a context of an overall economy, and some of the dozen factors they mentioned could have ultimately an indirect effect on the industry.
First, the wealth effect. Decisions as any marketer can tell you is always in large part emotional. And consumer financial confidence has fallen. Even though most of the value of U.S. stock holdings are in the hands of the wealthiest 10%, people freak out when they see retirement savings getting hammered. “And now, we are just starting to see softness in consumers’ second largest asset, residential real estate, which was down 0.6% in July from the June level, according to the Federal Housing Finance Agency (FHFA) national home price index,” the report said. That could cause retail spending to start falling, which means retail property owners have to stay alert.
Three (Potentially) Sobering Credit Realities
Employers May Just Be Doing Hybrid Work Wrong
Any Panic in Q3’s Multifamily Data is an ‘Overreaction’
The Impact Hurricane Ian Could Have on CRE
The New Office Normal Has Much Lower Utilization Than in the Past
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A joint venture will result in a 40,000 square foot building with laboratory space.
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They are a significant player in CMBS, but will they go the Lehman route?
Lynn Pollack |
Manhattan offices saw a visit gap of 37.1% compared to 2019, and a 31.1% year-over-year-increase, according to data from Placer.ai.
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White Paper
Sponsored by Placer Labs Inc.
2022 Domestic Migration Trends
Download this white paper to understand if and how COVID impacted domestic migration patterns on a state, city and zip code level; including how these patterns are affecting CRE stakeholders.
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