{"id":1004797338,"date":"2026-05-05T07:53:47","date_gmt":"2026-05-05T15:53:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004797338"},"modified":"2026-06-19T06:15:33","modified_gmt":"2026-06-19T14:15:33","slug":"yardi-executive-summit-special-report-economic-outlook","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-executive-summit-special-report-economic-outlook\/","title":{"rendered":"Yardi Executive Summit Special Report: Economic Outlook"},"content":{"rendered":"
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\"Jeff\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button>
Jeff Adler, Vice President of Yardi Matrix.
Image by Suzann Silverman<\/em><\/figcaption><\/figure><\/div>\n\n\n

Yardi Matrix Vice President Jeff Adler offered a mixed but generally favorable economic outlook during the recent Yardi Executive Summit in New York City, terming it a \u201crepeat of the 1930s\u201d and urging attendees to keep an eye on the fiscal deficit and not to be distracted by the war in Iran.<\/p>\n\n\n\n

While large deficits remain unresolved, Adler said he anticipates the 10-year Treasury yield to be 4.0 to 4.5 percent. \u201cThis is the big thing,\u201d he emphasized.<\/p>\n\n\n\n

Meanwhile, GDP should reaccelerate to about 2.5 percent this year, with only modest cuts in interest rates and long-term rates normalizing. While oil prices will continue to elevate, he does not see an increase in money supply and thus expects core inflation to remain stable. And while the labor market has seen a structural softening\u2014with all job formation in healthcare\u2014it has held up cyclically, helped by AI-driven productivity.<\/p>\n\n\n\n

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READ ALSO:<\/strong> The Case for Faster Economic Growth<\/a><\/p>\n\n\n\n

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In the real estate market, for the long term multifamily continues to be undersupplied\u2014a manmade problem Adler expects to take 40 to 50 years to resolve, given the country\u2019s lack of investment in housing since the formation of LIHTC. <\/p>\n\n\n\n

However, the shorter-term oversupply is getting absorbed, which should help the sector normalize by 2028-29. Improvement should occur faster in the Northeast and Midwest, which should achieve 3.5 percent rent growth; the Sun Belt will take longer to normalize from its higher amount of new supply but by and large should achieve growth ranging from 2 to 5 percent sometime after 2029. Interestingly, many emerging markets have seen rent growth despite falling occupancy.<\/p>\n\n\n\n

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