- Consumer spending growth normalizes in August
- Reopening activity evident in retail sales.
- Retail fundamentals still fail to reflect market reality.
Special Report
National Office Outlook Special Report
Impact of Health Crisis Reimagines the Workplace, Placing More Interest on Low-Density Suburban Areas
The pandemic has led to an array of temporary measures for the office sector, including one-way hallways and plexiglass barriers, though the health crisis will leave a lasting impact on how companies use the workplace. Suburban nodes and secondary markets are attractive solutions to retain top talent while offering workers a greater sense of comfort with more open spaces and lower density than found in the urban core. The health crisis is shifting tenants and investors focus on properties designed for a post-pandemic world, placing more weight on design and available space.
Key Features Include:
- How the health crisis will impact suburban and urban office markets
- Breakdown of second-quarter property performance
- Analysis of current investment sales and capital lending trends
National Self-Storage Outlook Special Report
Self-Storage Demonstrates Durability Through the Health Crisis So Far as Long-Term Demand Drivers Remain Intact
Many self-storage properties were able to stay open amid lockdowns, utilizing digital tools to onboard renters during turbulent times. Moving forward, household consolidations and relocations stemming from the health crisis may foster new storage use. The sector’s durability has aided investment sentiment, with a widening yield premium and improving capital liquidity supporting transaction activity.
Key Features Include:
- Effect of the national supply chain on property performance and outlook
- Market-by-market breakdown of construction, vacancy and rent trends
- Second quarter sales analysis and investor outlook
Employment Research Brief: September 2020
Unemployment Drops Below 10 Percent as Remote Working and Future of Federal Aid Influence Retail and Multifamily Outlooks
- Employment growth continues, but pace slowing.
- Unemployment hits single-digits, many workers still displaced.
- Less foot traffic at offices affecting nearby retailers.
California Proposition 15 – Beyond the Health Crisis Special Report
Split Roll Tax on California’s November Ballot Has Potential to Significantly Reshape Local Real Estate
Proposition 15 has the potential to be the largest commercial real estate tax increase in state history as properties are reassessed every three years rather than at point of purchase. Current law limits property tax to 1 percent of assessed value in 1976 and increases can be no greater than 2 percent each year.
Key Features Include:
- Tax could double for properties owned for 20 years
- Apartments and other residential properties excluded from the initiative
- Between $8 billion and $12.5 billion could be raised
2Q Rent Collections – Beyond the Health Crisis Special Report
Rent Collections in the Second Quarter Were Healthy for Most Types of Commercial Real Estate
Second quarter rent collection data released by REIT’s reveal that over 95 percent of medical office, multifamily, office, and industrial tenants were able to meet obligations despite the economic disruption. However, expiration of stimulus and stubbornly high unemployment may press on collections in the third quarter for some property types.
Key Features Include:
- Rent collection data for six property types
- Expectations for third quarter collections
- Property fundamentals in the second quarter