Press Releases

Q1 2018 Commercial Real Estate Market Update

Posted by RealNex on Feb 19, 2018 7:31:01 AM

Introducing: Dr. Jeff Fisher Pricing Webinar

Dr. Jeff Fisher is a founding partner of Pavonis Group and Head of Research of RealNex. He is also President and Chairman of the Board of the Homer Hoyt Institute and Professor Emeritus of Real Estate at the Indiana University Kelley School of Business.

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Topics: RealNex Webinar Series

Commercial Real Estate Returns End Year on Upbeat

Posted by Jeffrey D. Fisher Ph.D. on Jan 29, 2018 5:00:00 PM

By Jeffrey D. Fisher, Ph.D.

 

Although returns for commercial real estate have been somewhat modest this past year, returns for the fourth quarter of 2017 were the highest quarter for the year according to the NCREIF Property Index (NPI). The NPI reflects investment performance for 7,527 commercial properties, totaling $559.8 billion of market value owned and managed by the nation’s largest institutional investors and pension funds.

The quarterly total return was 1.80% in the fourth quarter, up from 1.70% last quarter, and higher than the 1.73% return for the fourth quarter of 2016. For the year of 2017, the return was just slightly under 7%. This is an unleveraged return for what is primarily “core” real estate held by institutional investors throughout the US.

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Topics: RealNex Webinar Series, RealNex News

Commercial Real Estate Performance: Steady As She Goes

Posted by Jeffrey D. Fisher Ph.D. on Nov 14, 2017 11:24:10 AM

After dropping each quarter during 2015 and 2016, rates of return for commercial real estate held by the nations large institutional investors has leveled off over the past three quarters. Furthermore, the lower returns have only meant that returns are just back to or at slightly lower returns than a long term average.  

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Topics: RealNex Webinar Series

CRE Values Continue to Reach New Highs

Posted by Jeffrey D. Fisher Ph.D. on Aug 15, 2017 2:12:06 PM

Although the rate of price appreciation has moderated the past two years, it has still been positive and values have continued to reach new highs for commercial real estate as measured by the NCREIF Market Value Index (MVI).  NCREIF tracks the performance of over $500 billion in commercial real estate owned by institutional investors in the US and includes all the major property types (apartment, office, industrial, retail and hotel).  The following graph shows the quarterly value indexed at 100 in the first quarter of 1978.  The value is also above a long-term trend line shown in the graph.

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Topics: RealNex Webinar Series

RealNex Price Trends: Institutional vs. Private

Posted by Jeffrey D. Fisher Ph.D. on Mar 31, 2017 7:00:00 AM

Jeffrey D. Fisher, Ph.D.

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Topics: big data, CRE, RealNex, Price trends, RealNex Webinar Series

Has the Commercial Real Estate Market Reached a Peak?

Posted by RealNex on Jun 20, 2016 10:27:00 AM

Jeffrey D. Fisher, Ph.D.

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Topics: RealNex Webinar Series