What I'm Reading Sellers Market: A new Reuters poll of property analysts suggests that US house prices would rise 10.3% this year. That was an upgrade from 8.0% in the December poll, suggesting underlying demand for housing is still strong and housing supply is still tight. Reuters Hitting the Wall:...
March 3rd – Short Term Bet
What I'm Reading Short Term Bet: As thousands of retail leases come up for renewal, their duration is increasingly shrinking, as businesses grapple with an unpredictable future and look for ways to slash costs, stay flexible and maintain leverage over their landlords, even after the health crisis abates. If the...
February 2nd – Deteriorating
What I'm Reading Deteriorating: Moody's Analytics REIS is out with a somewhat devastating report for the office sector, predicting that vacancies will likely show their largest increase this year. The report predicts that the occupancy continue to deteriorate until at least 2023 with employers still pushing off physical space decisions...
February 1st – Prophecy
What I'm Reading Prophecy: Starting back in the summer of 2020, whenever people ask me what I think will end the market mania, my (somewhat tongue in cheek) answer has been that the market top will occur once WeWork is taken public via a special purpose acquisition company (SPAC) merger. ...