Real Estate Fundaments “The Facts of Life” Real Estate Fundamentals The facts of Life.

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Transcript of Real Estate Fundaments “The Facts of Life” Real Estate Fundamentals The facts of Life.

  • Real Estate Fundaments

    The Facts of Life

  • Real Estate FundamentalsThe facts of Life

  • UNEMPLOYMENT AND RETAIL SALES

  • NOI forecast to decline 15% peak to trough

  • National Office Direct Class A Asking Rental Rates

  • National Office CBD & Non-CBD Overall Absorption*

  • US Sales Volumes by Property Type 2007 - 2009

  • NCREIF CAP RATES

  • CRE prices down 43% peak to date

  • CRE Debt Maturities and Equity Gap

  • Mirror, mirror on the wall. Mark Buono, Managing Director, Goldman, Sachs & Co.

    David Dorros, Managing Director, CB Richard Ellis

    Michael McDonald, Managing Director, Eastdil Secured, LLC

    Peter Muoio, Senior Principal, Maximus Advisors

    Marc Rosenberg, Executive Vice President, Cushman & Wakefield

  • U.S. Market Cycles CBD Office - Major Mkts (2009)*GrowthWeakeningLA CentralBoston, Houston, Washington, D.C. Market EquilibriumPhiladelphiaRecoveringSlow GrowthDallasDowntown NY, MinneapolisMidtown Manhattan, San Francisco, Seattle,

  • CBRE thinks we might be 80% thru the cycle