Spotlight

    Economic Insights

    Economic Insights covers topics that may ultimately have an impact on commercial real estate conditions including the labor market, population trends, monetary policy announcements from the Federal Reserve and national budgetary issues.

    Featured report

    Office Employment Softens, but that Won’t Dissuade the Fed from a March Hike

    March 10, 2017

    Janet Yellen’s comments early in March had suggested that a 25 bps increase in the Fed Funds rate to 0.75% - 1.00% was all but certain next week, and today’s report will do little to dissuade the Committee that the labor market has strengthened sufficiently to remove further policy accommodation.

     

    Research search results: 41 found

     
    Office Employment Rises, But 2017 Growth Slows Versus 2016

    Office Employment Rises, But 2017 Growth Slows Versus 2016

    January 05, 2018

    The payrolls report for the last month of 2017 showed a modest deceleration in employment, as total private sector jobgrowth at the establishment level rose by 146,000, well below the 239,000 upwardly-revised gain in November.

     
     
     
    Tax Changes for Real Estate

    Tax Changes for Real Estate

    December 23, 2017

    The conference committee agree to widespread changes that will affect both individual and corporate taxes beginning in 2018.

     
     
     
    Fed Tightens for Fifth Time This Cycle: What’s Ahead for 2018?

    Fed Tightens for Fifth Time This Cycle: What’s Ahead for 2018?

    December 15, 2017

    Federal Reserve Chair Yellen’s last press conference before the end of her term in February did not disappoint. While shedelivered a widely-anticipated rate hike—bringing the Federal Funds rate to 1.25% - 1.50%—perhaps the larger surprise wasthe degree of optimism she relayed about the economy.

     
     
     
    Non-Residential Real Estate Activity: “Slight Growth”

    Non-Residential Real Estate Activity: “Slight Growth”

    November 29, 2017

    November’s Beige Book report, the Federal Reserve’s qualitative assessment of conditions across the country’s 12 Districts, suggested that economic growth over the last month was split between “modest and moderate”

     
     
     
    Demand for Commercial Real Estate Loans Weakened in Q3 2017

    Demand for Commercial Real Estate Loans Weakened in Q3 2017

    November 10, 2017

    In general, demand for CRE loans weakened in Q3 2017, even as banks’ lending standards largely remained unchanged.

     
     
     
    Healthy Rebound in Office-Using Jobs, Led by Temporary Help Workers

    Healthy Rebound in Office-Using Jobs, Led by Temporary Help Workers

    November 03, 2017

    While today’s labor market report was softer than consensus, a healthy rebound in office-using employment suggests that professional and business services hiring is once again back on firm footing.

     
     
     
    Non-Residential Real Estate Activity: “Increased Slightly”

    Non-Residential Real Estate Activity: “Increased Slightly”

    October 18, 2017

    October’s Beige Book report, the Federal Reserve’s qualitative assessment of conditions across the country’s 12 Districts, suggested that economic growth over the last month was split between “modest and moderate”. Despite disruptions from Hurricanes Harvey and Irma to the transportation, energy and agriculture sectors, most Districts continued to see a steady pace of growth, even with supply chain disruptions.

     
     
     
    Hurricane Effects Wreak Havoc on Employment Data: Office-Using Jobs Up Marginally to 14,000

    Hurricane Effects Wreak Havoc on Employment Data: Office-Using Jobs Up Marginally to 14,000

    October 06, 2017

    September’s labor market partially reflected effects induced by Hurricanes Irma and Harvey. Nonfarm payrolls decreased by 33,000—short of consensus forecasts for an 80,000 gain—and represented the first contraction in seven years.

     
     
     
    Disappointing News on Payrolls

    Disappointing News on Payrolls

    September 05, 2017

    Although August’s payroll report was weaker than consensus, subsequent figures may well be revised higher.  Even so, wage growth continues to elude workers.

     
     
     
    Positive Momentum Continues in Employment

    Positive Momentum Continues in Employment

    August 04, 2017

    Office-Using Jobs Up 381k Year-to-Date.

     
     
     

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    Heidi Learner

    Chief Economist

    +1 212 326 8648

    +1 212 326 8648