Articles

David Ling speaks to a classroom as students look on

Real Estate Research from The Gator Nation

Academic Real Estate Research from the UF Warrington School of Business came out of a cannon to start 2021. Real Estate Economics, arguably the most prestigious academic real estate journal, presented four distinct articles in its first two issues that were co-authored by David Ling. Publishing four articles across two issues of a top academic [...]

The sun rises behind a building construction site with busy workers and cranes

Keeping the Hardhats On

It should come as no surprise that 2020 was a unique year in the construction industry. With strict lockdown mandates, remote working, and fear of virus infection, the country experienced a shock that rippled through the economy. News of the pandemic and realization of its potential impacts arrived at the end of the first quarter. [...]

Stations with equipment for an industry inside a large room

Can Industrial Performance Persist?

The commercial real estate industry’s industrial sector has separated itself from the performance of all other sectors over recent years. As shown in Figure 1, warehouse total returns have outperformed total NCREIF Property Index (NPI) returns each year since 2011. Furthermore, since 2016, the industrial sector’s total returns dramatically exceeded that of all other sectors, [...]

Charts and tables with a magnifying glass and wood block buildings laid on top

Significant Digits: October 2021

Private Sector Real Estate Returns Over the previous four quarters, all investment markets attempted to adjust to the second quarter 2020 news that the global economy was closed in an attempt to control the spread of the virus. Many real estate factors responded to the shock: sales volume dropped, leasing stopped, and uncertainty spiked. Starting [...]

Skyscrapers with reflective glass fronts and percentages overlaid on the photo

Member Perspectives: October 2021

One year of results from the Bergstrom Center Survey have been recorded. The past year has been interesting and uncertain but our members of the real estate industry held a positive outlook throughout. The most challenging time was during fourth quarter 2020, our initial survey period. Economic restrictions such as restaurant closings and office “stay [...]

Meet the Team: October 2021

William Hughes Executive Director of Applied Research at the UF Bergstrom Center, Experienced in academics, private real estate investment and a public REIT. PhD, CFA, CRE Fernando Mattar Assistant Director of Data Management at the UF Bergstrom Center, Previously Lead Researcher at Getulio Vargas Foundation in Rio de Janeiro, Brazil. PhD Erin Elferdink Investment Analyst [...]

Hourglass on beach

Sea Levels Around the Florida Coast

Don’t Panic – But Plan No accusations, no admonishment, no requests to reverse progress, no blame, no trend extrapolation. Instead, let’s look at measured historical results and form a plan to protect our assets. In recent years, there have been many discussions and predictions about the future state of Florida’s coastal property. Some boldly predict [...]

Surgical Masks

Pandemic Mortgage Rates

Our first thought about interest rates during 2020 might have been that a shocking increase in uncertainty (risk) due to the emerging pandemic would lead to a significant increase in risk premiums bringing about higher rates. Well, that did not happen. Rather, investors moved to low-risk assets driving down the 10-Year Treasury Bond yield allowing [...]

Stock market investment graph with indicator and volume data.

The Benefits and Costs of 1031 Exchanges

Article review of The Tax and Economic Impacts of Section 1031 Like-Kind Exchanges in Real Estate Section 1031 of the Internal Revenue Code has permitted taxpayers to defer the recognition of taxable gains on the disposition of business-use or investment assets since 1921. Although the legislation commonly known as the Tax Cuts and Jobs Act [...]

Close Up Image Of A Stock Market Graph

Significant Digits: March 2021

Each issue of Due Diligence offers a unique collection of Significant Digits which are charts with short descriptions. The goal is to highlight some interesting data from the market that can be understood at a glance. This issue reveals the 2020 pattern of residential sales in Florida and continued growth in state population. Residential Sales [...]