Category: Economy

Video: Stephen Ross Discusses COVID CRE Effects ~ CNBC Power Lunch

Oct 29, 2020 - Economy - 0 Comments - Standard

Stephen Ross, the chairman and majority owner of The Related Companies, a global real estate development firm he founded in 1972 that has been and continues to be very active in Miami, and owner of the Miami Dolphins, discusses reopening and the state of commercial real estate projects like Hudson Yards in New York in […]

Chart: August Miami-Dade Unemployment Level Reaches Lowest Level Since March

Oct 21, 2020 - Economy - 0 Comments - Standard

From its peak of 14.5% reached in only the prior month, the unemployment rate in Miami-Dade county plummeted in August (8/1) to 8.1%, the lowest level since March when unemployment had jsut started to creep up but was still in low single digits (3.7%). The continuing effects of COVID-19 on employment, and thus the economy, […]

Commercial Property Borrowing Cost Quarterly 2020 Q2

Jul 23, 2020 - Economy, Financing - 0 Comments - Standard

Yields on 5-year U.S. Treasury Notes remain at lows quickly reached as we entered the era of the COVID-19 pandemic. As can be seen in the chart embedded herein, these rates, most closely tracked for commercial real estate financing cost, plummeted from what were already considered low levels to under 50 basis points (0.5%), barely […]

Can a Rational Case be Made for Irrational Exuberance?

Jul 10, 2020 - Analysis, Economy - 0 Comments - Standard

In my commercial real estate brokerage business, I’ve noticed a trend of some buyers expecting lower prices on properties, sometimes even clearly taking offense at a seller not budging on price. There seems to be, with them a sense that they know better to such a degree that they are disgusted by the gall and […]

Video: CCIM Chief Economist K.C. Conway on What to Expect Moving Forward for the Economy, Commercial Real Estate

Jun 18, 2020 - Economy, Trends - 0 Comments - Standard

Video 1 of 2: Video 2 of 2: In this two part video series, CCIM Chief Economist K.C. Conway, CCIM, MAI, CRE, joins the host of America’s Commercial Real Estate Show to discuss what to expect move forward. Among the discussions expectations for jobs, property values, and economic recovery timing. He notes he is particularly […]

Chart: April 1 Miami-Dade Unemployment Level Displays COVID-19 Effect

May 27, 2020 - Economy - 0 Comments - Standard

The effects of coronavirus are clearly evident in the April unemployment rate spike in Miami-Dade as of April 1, 2020. At 11.95, the level of unemployment has yet to reach the 12.4% level reached in August 2009. Given the effects of coronavirus on commerce, however, the May 1 numbers, once released, will surely exceed that […]

Commercial Borrowing Cost: Rate Watch for April 30, 2020

May 01, 2020 - Economy, Financing - 0 Comments - Standard

At the end of April of 2019, intermediate yields remain at lows reached in recent weeks. This has, of course, been driven by reduced economic activity due to the COVID-19 pandemic. As can be seen in the accompanying chart, five year rates, which are most closely tracked for commercial property borrowing cost, found themselves under […]

Miami-Dade March Unemployment Numbers Displaying Initial COVID-19 Spike

Apr 15, 2020 - Economy - 0 Comments - Standard

As can be seen in the accompanying chart, after years of steady decline, the unemployment rate spiked notably in March of 2020. This surely is caused by the earlier stages of the COVID-19 Pandemics, and thus will likely be even higher in April. Higher unemployment is bad for the economy, and in turn for commercial […]

Video: PwC Partner Mitch Roschelle Discusses Coronavirus Impact on Economy, Commercial Property

Apr 10, 2020 - Economy - 0 Comments - Standard

The is significant and growing international concern with regard to the potential human and economic impact of coronavirus, also referred to as COVID-19. Mitch Roschelle, Partner withPricewaterhouseCoopers , joins America’s Commercial Real Estate Show to talk about how markets may react and in turn how commercial real estate might be impacted. Among the topics discussed […]

Covidenomics: The Morbid Reason the 1918 Spanish Influenza Caused Wages to Increase

Mar 11, 2020 - Economy - 0 Comments - Standard

A recent post by the St. Louis Fed, The Economic Effects of a Pandemic, discussed the economic effects of the Spanish Influenza of 1918-1920, referencing the chart, embedded herein, of average hourly earnings in various United States sectors. According to the Centers for Disease Control and Prevention, the Spanish Flu pandemic infected about a third […]