Through the USPS, we were able to obtain a large dataset that opened our eyes to a few other trends in 2020, highlighting the impact COVID had on permanent relocations. The data shows that people who are leaving their homes are not going far; most people moved within 100 miles.
Global Economic Outlook: It’s Starting to Look Better
We have revised our view of the global economy and the U.S. outlook is now improved, up from 4.6 to 6.7% GDP growth, however we revised our outlook for Europe down. The outlook represents pre-existing economic momentum, progress in controlling the virus, and economic stimulus.
New EA Repeat Rent Series Puts Office and Industrial Rent Changes in Clearer Perspective
A unique element of EA’s value stream is the management, improvement, and development of rent “price determination models” and the identification and evaluation of those rent inputs and resulting outputs on an ongoing basis. In partnership with EA’s founder, Professor Bill Wheaton from the MIT Center of Real Estate, EA has developed a new rent series that leverages a repeat rent methodology – the gold standard in economics.