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Q3 US GDP, Digging Deeper
On November 29, 2023, the Bureau of Economic Analysis (BEA) released the Gross Domestic Product (GDP) figures for the third quarter of the year, and the report painted an encouraging picture of a resilient and thriving economy. The Q3 2023 GDP figures showcased a quarterly increase of 5.2% compared to Q2 2023, demonstrating the nation’s…
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Fed Pause, Not So Fast
The tenor of the previous Federal Reserve meeting set the stage for a potential pause in interest rate increases. After 10 consecutive increases, the market seemed pretty pleased with many even believing that a cut might happen before year end. However, recent comments from Fed Governor Philips make a pause seem less likely and a…
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Return To The Office Mandates: A Sneaky Way to Cut Back?
AT&T’s recent announcement to cut back on the company’s real estate to nine core locations comes in conjunction with a return to the office mandate for managers. The mandate will require some 60,000 managers to be in the office at least three days per week starting in July and September. The problem is that 15%…
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Treacherous Waters or Tremendous Opportunity?
John F. Fish’s opinion piece on MarketWatch paints a pretty gloomy picture for commercial real estate over the next several years with massive defaults possible. He indicates that nearly $1.5 trillion dollars in commercial real estate loans will be maturing within the next two years, which could make refinancing those assets tricky, resulting in a…
Quick Take CRE 