When the unexpected pandemic shocked the country in March 2020, strict quarantine mandates and shelter-in-place orders forced businesses to transition out of office space and restructure operations to a remote working platform. The office market and its users felt an immediate impact. The second quarter of 2020 marked the sharpest downturn in office market activity [...]

In the United States, the Treasury yield curve is the driver of all domestic interest rates — as all other domestic bond categories rise and fall with Treasuries. Equally as important as the current interest rates, investors everywhere pay close attention to predictions about where rates will go in the future. Virtually every investment calculation [...]

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 [...]

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. [...]

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, [...]

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 [...]

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 [...]