Performance of REITs and Private CRE is Best Correlated Over Longer Holding Periods

May 10, 2023, 11:20 AM by Matt Mowell

Many multi-asset investors use real estate investment trusts (REITs) to gain or supplement their exposure to property without purchasing the underlying asset. However, over short time-horizons REITs can often mirror the volatility of the broader securities market rather than the steadier, income-driven performance of private equity real estate.
Fundamentals Still Matter

May 2, 2023, 13:55 PM by Matt Mowell

Commercial real estate (CRE) is facing cyclical headwinds. Asset values have eroded this year due to the impact of rising interest rates and cap rates on equity and debt availability and underwriting. The stark interest rate risk has overshadowed CRE fundamentals for the time being. But we expect values will begin stabilizing later this year.
Retail space is continuing to right-size

Mar 27, 2023, 14:18 PM by Daniel Diebel

Had retail space been overbuilt in previous cycles? Is it just now reaching supply-demand equilibrium?
Consumer debt unlikely to derail summer vacations

Mar 17, 2023, 14:54 PM by Matt Mowell

Fiscal stimulus is in the rear-view mirror, excess savings are quickly dwindling and consumers must contend with higher interest rates.
Identifying U.S. Metros that Benefit from Rising Manufacturing Employment

Mar 15, 2023, 20:56 PM by Matt Mowell

Products manufactured in the U.S., and the markets where they are manufactured, continues to evolve. Looking at how each metro’s share of U.S. manufacturing employment has changed since 2010 provides a glimpse into this evolution.
H2 2022 Cap Rate Survey Now Available

Mar 10, 2023, 10:14 AM by Dennis Schoenmaker

The CRS was conducted in mid-November and December and reflects second-half 2022 deals. The survey, reflecting 3,600 cap rate estimates, sheds light on how investor sentiment is changing amid uncertain market conditions.
East Coast and Midwest markets outperformed population growth expectations

Mar 7, 2023, 12:08 PM by Dennis Schoenmaker

With the release of the 2020 Census data, we can compare actual versus expected population growth for the 2010-2020 period.
Timing means a great deal when moving assets to net zero emissions

Feb 22, 2023, 13:32 PM by Dennis Schoenmaker

When it comes to cutting carbon emissions at commercial buildings, timing may not be everything, but it means a great deal. The longer a property owner waits to begin lowering emissions, the higher an asset’s carbon budget will be.
Miami is more resilient to natural hazards than some may think

Jan 31, 2023, 09:45 AM by Matt Mowell

Just how vulnerable are real estate markets to natural hazards? We looked to Miami—a city associated with strong tropical storms and at the frontier of climate change—to analyze vulnerability. Going forward, CBRE Econometric Advisors will be using the power of maps to view real estate in a new dimension.
The Office Sector Debt-Funding Gap

Dec 21, 2022, 10:58 AM by Michael Leahy

The United States office sector faces a large aggregate future funding gap in the near-term due to lower LTVs and substantial value erosion.

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