May rent collection rates ended the month at 97% up for percent from the numbers we reported during the middle of last month. This high collection rate once again demonstrates that most renters continue to fulfill all rental obligations.
Read MoreThe prospects of acquiring real estate at deeply reduced prices has buyers lining up capital in preparation of a wave of distressed assets becoming available. However, investors may be disappointed…
Read MoreIn contrast to most other employment sectors, the number of courier messengers has not declined since February. Despite numerous health concerns, commerce is continuing to take place, including commercial real estate…
Read MoreJob growth increases as economic restoration continues. The labor market recovered further in June as unemployment fell 220 basis points to 11.1 percent and 4.8 million people returned to work, the largest monthly job gain on record. While the pace of rehabilitation is accelerating…
Read MoreThe global spread of COVID-19 has brought to the forefront questions regarding the future of central business districts. While the proximity to work and play offers convenience to residents…
Read MoreWell-established multifamily fundamentals support a rebound on the horizon. The underlying dynamics of the apartment industry remain sound despite short-term challenges…
Read MoreLabor market rebounds as restrictions begin to ease. Employers added 2.5 million jobs in May to bring the unemployment rate down to 13.3 percent, indicating the worst of the economic fallout may be behind us. Economic shutdowns resulted in job losses of 22.1 million in March and April, pushing the unemployment rate to 14.7 percent, the highest since 1948. While employment gains are very encouraging, uncertainties and a long road to recovery for America’s labor market remain, broadly impacting commercial real estate over the coming months.
Read MoreOne of the largest hurdles over the next few months will be bridging any gap between buyers and sellers. Some buyers believe that they will get steep discounts on pricing because of COVID-19. This expectation does not match the sentiment of sellers or the current data as collections remain high, vacancy remains low, and rents remain relatively unchanged. As we keep in close contact with lenders and MMCC, we have found there to be many sources for debt with the only caveats being tighter credit requirements.
Read More