Knowledge Center Archives
Americas Economic Pulse: The Descent Slows
The best that can be said about the current environment is that it won’t get any worse, and is more likely to show improvement sometime in late 2009. For the Americas’ real estate markets, which tend to lag economic performance, this means a recovery is likely in 2010.
For more insight, LISTEN to Ken McCarthy’s podcast.
Americas Economic Pulse: Direction, Depth, Duration
As the epicenter of the decline, the US has been hit hardest, with Canada and Mexico feeling the consequences. However, it appears that much of South America will escape with slowdowns, not downturns. And there are other bright spots, thanks mainly to prudent construction strategies.
LISTEN to the Economic Pulse debrief by the report's author, Ken McCarthy, Managing Director, US Research Services.
Asia Pacific Economic Pulse: How Does the Recession Compare?
For Asia, the best comparison is the 1997/1998 crisis when it took about two years for real estate returns to bounce back. The biggest problem is a lack of liquidity in the global financial system. However, Asian developers with deep pockets, private equity from the West and Middle East, pension funds and sovereign wealth funds are still interested in buying, with some on the lookout for distressed assets or a more fertile investment environment.
LISTEN to the Economic Pulse debrief by this report's author, Megan Walters, Chief Economist, Asia Pacific.
Europe Economic Pulse: History Revisited
This slowdown rivals with the most serious at least since the oil shock of the 1970s, and, for some countries, we have to look further back to the late 1940s to find a larger fall. That does not mean, however, that it compares to the crises that followed the two World Wars or the Great Depression. Some countries could start to stabilize as early as the third quarter of 2009 as destocking ends, though most will not return to growth until the second half of 2010.
LISTEN to the Economic Pulse debrief by the report's author, David Hutchings, Head of European Research Group.
US Economic Pulse: The Eye of the Storm
Recovery in real estate will likely begin in 2010 and vary by market. One silver lining found in this Jan/Feb '09 report, is that with little new inventory coming on line, the industry should recover faster than we have seen in the past.
LISTEN to the Economic Pulse debrief by the report's author, Ken McCarthy, Managing Director, US Research Services
European Economic Pulse: Every Country has its Story
The full force of the economic downturn is now being felt in Europe. As our Jan/Feb '09 report indicates, it is clear there is further bad news to come as corporate de-stocking and weakening exports add to the problems caused by consumer stress, credit shortages and uncertainty in the financial markets.
LISTEN to the Economic Pulse debrief by the report's author, David Hutchings, Head of European Research Group
Asia Pacific Economic Pulse: Darkest Before the Dawn
With most of the world in recession, recovery is more likely to start in 2010 according to our Jan/Feb '09 report. Landlords can expect to see tenant demand continue, supported by Asia's increasing share of global consumption, investment and manufacturing. In the short term, tenants should be able to trim their occupancy costs to help see them through this slow growth phase.
LISTEN to the Economic Pulse debrief by this report's author, Megan Walters, Chief Economist, Asia Pacific
Podcast: The US Economy and Commercial Real Estate
In this podcast Ken McCarthy, Managing Director of New York Area Research, discusses the current status of the U.S. Economy and Commercial Real Estate Market.
US Retail: Race to the Bottom
As tough as it is for retail right now, this Valuation Advisory Services briefing offers evidence that the race to the bottom has begun, a hopeful sign that the worst is coming to an end. Meanwhile, the industry continues to adapt and innovate.
US Retail: The Science of Shopping - Focus on Banking
Opportunities for banking branches to meet changing consumer needs in an uncertain economy are identified in this joint briefing prepared in partnership by C&W Global Consulting and leading retail market research firm Envirosell.