Market Insight
National Snapshot
Monthly Change in Total Consumer Credit
Monday, March 08, 2010
Overshadowed by Friday’s employment situation report from the Labor Department, the Federal Reserve released its G19 report, which stated that total consumer credit increased by 2.4 percent in January, ending a string of 11 consecutive monthly declines. This report, together with last week’s report from ICSC that chain store sales rose by 3.7 percent in February, suggests that consumers are beginning to climb out of their bunkers and cautiously make some purchases that they put on hold last year. If the trend continues, it would be good news not only for retailers and shopping center landlords but also for overall GDP, 70 percent of which is fueled by consumer spending.
Source: Federal Reserve, Grubb & Ellis
Financial Update
Research Reports
2010 CRE Forecast
Wednesday, January 06, 2010
The Great Recession, the worst downturn since the Great Depression, most likely passed into history last fall.
2010 Investment Forecast
Wednesday, January 06, 2010
Outstanding commercial real estate loans at commercial banks fell by more than 4 percent during 2009, and new issuance of commercial mortgage-backed securities was nonexistent until late in the year.
2010 Office Forecast
Monday, January 04, 2010
For tenants seeking office space, 2009 was the best time in years to lock in a long-term lease at a low rental rate, and the deals only got better as the year progressed.
2010 Retail Forecast
Sunday, January 03, 2010
Retail sales appear to have bottomed out and even increased slightly late in 2009, but they are unlikely to bounce back quickly.
2010 Industrial Forecast
Saturday, January 02, 2010
The vacancy rate, which began increasing in the fourth quarter of 2007, rose steadily through 2008 and 2009, ending the year at 10.7 percent.
HBIRA Blog
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