Malls, Construction, & JOLTS | Economic Update – November 4

Interest Rate Hike On November 2nd, the FOMC voted to increase the Federal Funds Rate by 75 bps for the fourth consecutive time, taking the benchmark interest rate to its highest since early 2008. The current Federal Funds Target Rate sits at 3.75%-4.00. In the...

Commercial Real Estate will Weather Ian’s Aftermath

Opportunities exist on Gulf Coast, despite widespread hurricane devastation    It was the deadliest hurricane to strike Florida since 1935. Hurricane Ian was a Category 4 storm that came ashore on the Gulf Coast near the end of September, taking well over 100...

CPI, Energy, & Job Reports | Economic Update – October 18

INFLATION The Consumer Price Index (CPI) rose by 8.2% year-over-year through September and 0.4% month-over-month, according to the Bureau of Labor Statistics. This month’s 40 basis point increase comes after just a 10-bps increase in August. Shelter, food, and medical...

2022 Mid-Year Market Report

2022 Mid-Year Market Report Overview  Commercial real estate has continued to test its speed limit on the path to normalcy through mid-2022. Though coming off 2021 highs, price momentum in the sector has sustained throughout the first half of 2022, generally following...