Research Center
Higher-Value Assets Outperform Others in Same Country
Using MSCI global real estate dataset, we find evidence that higher-value assets have been more likely to outperform other assets in the same country and sector than lower-priced assets.
Development
Month-over-month, the percentage of industrial properties under construction decreased by 20.2 percent, followed by an 8.1 percent decrease for retail properties.
REIT Values
As of Sept. 1, 2017, the manufactured homes sector led all publicly traded U.S. Equity REIT sectors in terms of the last twelve months funds from operations (LTM FFO) multiple.
Employment Picture
The total number of employed people from August 2016 to August 2017 increased by 1.2 percent, or 1,772 people, while the total number of unemployed people decreased by 8.9 percent, or 709 people.
CMBS Delinquencies
With historic flooding from Hurricane Harvey to Harris County (Houston and its surrounding suburbs) we reviewed the S&P Global Delinquent exposure.
National Vacancies
Year-over-year, vacancy rates for retail markets decreased in almost all the regions, with the largest change coming from the Midwest, from 6 percent to 5.6 percent in the second quarter of 2017.
Industrial Demand
Compared to July 2016, new orders for all manufacturing industries increased by 5.4 percent or approximately $22.6 billion in July 2017.
Investment Activity Picks Up in 2Q
Total investment volume increased from $101.2 billion in the first quarter to $103.8 billion in the second quarter, according to Real Capital Analytics data.
RAISE-ing Red Flags: A Self-Defeating Immigration Plan
Somewhere in Washington, D.C., there must be a hidden office with a frosted glass window on the door that reads, “The Department of Really Dumb Ideas.” Over the years, both major U.S. political parties have taken long-term leases on that space—often at the same time.
Total Delinquencies Drop in August
The overall delinquency rate for CMBS fell to 9.33 percent ($14.1 billion) in August, according to S&P Global Ratings data.