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: 38 found

 
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.

 
 
 
Mixed Conditions for Office Leasing

Mixed Conditions for Office Leasing

July 13, 2017

Conditions for commercial leasing and construction were best described as mixed; while activity for some areas like San Francisco were described as “solid,” in other regions, the market for office space was “steady to slightly weaker” (New York City.)  

 
 
 
Office Employment Growth Rebounds; Positive Upward Revisions for Q2

Office Employment Growth Rebounds; Positive Upward Revisions for Q2

July 10, 2017

June’s jobs report handily exceeded expectations, as nonfarm payrolls increased by 222,000 and private sector jobs rose by 187,000.

 
 
 
Will Financial Conditions Continue to Ease?

Will Financial Conditions Continue to Ease?

July 07, 2017

The easing of financial conditions in the U.S. appears to have ended—at least for now—as 10-year Treasury yields have risen by 25 bps since the Fed’s June rate hike. 

 
 
 

Key contacts

Heidi Learner

Chief Economist

+1 212 326 8648

+1 212 326 8648