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Journal Article
The farm real estate market
Journal Article
Store clearance
Retail vacancy rates are up in the district, especially for strip malls.
Speech
Economic recovery, small business, and the challenge of commercial real estate
Remarks for the Urban Land Institute at the Emerging Trends in Real Estate Conference, Atlanta, Georgia, November 10, 2009
Journal Article
Coping strategies
Sprawl is often condemned, but most critiques hold no economic water. Still, a few are valid, and policy fixes may exist.
Journal Article
Commercial real estate and low interest rates
Commercial real estate construction faltered during the 2007 recession and has improved only slowly during the recovery. However, low interest rates have led to higher property valuations and are clearly benefiting the sector. The recovery of commercial property prices has been notable. Some measures suggest that, in some segments of the market, prices are close to their pre-recession highs. Valuation measures do not suggest that current prices are excessive.
Journal Article
Real estate markets in 1952
Journal Article
Cloud over commercial real estate is slowly lifting in Texas
Every segment of the Texas commercial property sector suffered during the recession of 2009. Demand withered for space in offices, warehouses and retail centers, pushing up vacancy rates and lowering rental rates. Private nonresidential construction dropped sharply, reaching near-record lows. The global financial crisis temporarily brought lending to a halt. Commercial-mortgage-backed securities (CMBS) lending dried up in Texas and the U.S. as it became clear that repackaging suspect loans didn't lower risk. Banks also became wary of adding CRE loans to their books, especially in Texas, where ...
Journal Article
Why is output growth so slow?
The excess supply of commercial and residential real estate might explain why the historically low nominal and real interest rates have had relatively little effect on stimulating investment.