About This Thought Leadership BlogMarcus & Millichap is one of the world's largest commercial real estate services firms. For "StreetSmart," Hessam Nadji,a senior vice president and managing director of the firm, writes about macroeconomic issues that impact the commercial real estate industry.
Despite the downgrade of its view on economic conditions and lower expectations for the near-term outlook, the Fedís decision to maintain the QE program rallied both equity and bond markets.Read More
The recovery is taking its time, but we are seeing continued improvement in the housing industry, hiring and consumer spending.Read More
Stronger than anticipated hiring in April, together with sizable upward revisions to the February and March employment figures, have alleviated concerns that sequestration will severely impair the employment market.Read More
Restrained discretionary spending likely induced by increased payroll taxes generated weaker than expected retail sales performance in March; a sharp drop off from the solid numbers posted in the prior two months.Read More
As discussed in our last blog, the biggest threat to the U.S. economic recovery, and therefore the commercial real estate recovery, is the “fiscal cliff,” which encompasses the expiration of the Bush-era tax cuts as well as mandated federal spending cuts scheduled to take effect at the beginning of 2013. Left unchecked, the combination could deliver a blow to the U.S. economy equivalent to 4 percent of GDP. One can only assume or at leastRead More
The U.S. recovery still marches along, following more of a rollercoaster trajectory rather than a straight line. The summer slowdown that started in May looked like the start of a double-dip recession to many analysts, only to post improving job and retail sales data in July, followed by disappointing job numbers in August. We have long taken the position that monthly vital signs will remain volatile as long as a high degree of global uncertaintyRead More
Now more than ever, a market-by-market, property-by-property CRE investment strategy and long-term faith in the U.S. economy remain essential.Read More
As the macro headwinds blow stronger, the clouds gather to create yet another summer drag on the U.S. economy in a pattern similar to the last two years. Over the past few weeks, we have seen a resurgence of European debt issues, deepening of the European economic slump and a downshift in some U.S. economic readings, particularly corporate investments, manufacturing orders and employment growth. To top it off, JP Morgans recent surprise outsized loss tiedRead More
The news should not derail sound CRE investment strategies.Read More
In the first quarter, every major property type registered positive demand trends and falling vacancies.Read More
About Marcus & Millichap Real Estate Investment Services
Since 1971, Marcus & Millichap Real Estate Investment Services has been the premier provider of investment real estate services. Through the depth of its local market knowledge, the firm has established itself as a leading investment real estate company with more than 1,200 agents nationwide. The firm recently formed Institutional Property Advisors (IPA), a multifamily brokerage division serving the unique needs of major private and institutional investors.