Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
An irreverent take on the macroeconomic environment. Dr Sam Chandan is President and Chief Economist of Chandan Economics and an adjunct professor in real estate and public policy at the Wharton School of the University of Pennsylvania.
The apartment sector has emerged relatively unscathed from the early summer's shift in the interest rate environment. In most corners of the market, the bulk of the increase in the long-term risk-free yield was absorbed into spreads.
Our central bankers don't yet believe the recovery has legs. In the housing market, in particular, they are not ready to wager that the rebound has independent momentum
Less intrusive monetary policy and rising interest rates are no surprises. Absent the related distortions of the capital marketplace, investors can expect weaker price momentum.
The fiscal health of cities and states is one of the underestimated sources of risk that investors face as they venture away from familiar environs and into new markets.
The last week has seen an amazing proliferation of researchers and journalists cogitating on the impact of rising interest rates on commercial property values. It's a critical issue for our industry. But it's hardly unexpected or unexplored. The red flags are in the rearview mirror, even if it's only now becoming good copy.
Rent growth at class B and C apartment properties quickened during the first quarter. But with fewer investors and lenders vying for those properties, appreciation lagged cash flow.
Though rejected by the Cypriot parliament, abrogation of the sovereign guarantee has shattered the credibility of the deposit insurance scheme. The complicity of the Eurogroup and IMF undermines perceptions of guarantees across the currency union.