Report by Victor Calanog, PhD
The world has changed significantly since REIS delivered its last quarterly update for multifamily and commercial real estate performance metrics in mid-February. How has our outlook for various property types changed? What are the prospects for economic recovery, given the COVID-19 pandemic?
This paper will provide an update for the first quarter of 2020, but also focus on how different property types and geographic markets will evolve as a result of the current economic distress. The paper will also discuss capital market trends, financing issues, and speculate on what will happen in the near-term and long run.
Victor Calanog, PhD CRE® is the Head of CRE Economics at Moody’s Analytics REIS. He and his team of economists and analysts are responsible for the firm’s market forecasting, valuation, and real estate portfolio analytics services. He holds a PhD in Applied Economics and Management Science, trained by a dissertation committee composed of faculty from the Wharton School of the University of Pennsylvania and Harvard Business School.