Posts by: Paul Fiorilla

End of Urbanization?

New attention for suburbs

For years, 24-hour and 18-hour cities, and the live-work-play concept, have been mantras in commercial real estate. Suddenly, however, cities are facing a pandemic-driven exodus. Is this a temporary blip or the start of a long-term trend? COVID-19’s impact has been particularly deep in major metropolitan areas such as New York City, Los Angeles, Chicago […]

News

Originations Wane

Market Analysis

Editor’s note: Paul Fiorilla is director of research for Yardi Matrix. His analysis of waning loan originations, despite high demand for apartments and industrial real estate, was recently published by Globe Street. You can find the full report summary available for download here. (Select the national category.) Concerns about rising interest rates and weakening economic […]

News

Multifamily Outlook

Yardi Matrix Looks At 2017

The multifamily market has seen phenomenal growth in rents and property values for several years. Can the good times continue to roll in 2017? We think they can, though the rate of rent increases is going to slow down, transaction yields have likely bottomed and oversupply is going to negatively impact some markets. However, we […]

Technology

Tech and CRE

Bringing Change to the Commercial Sector

Technology is destined to change the way the commercial real estate market operates, but a debate is raging as to how and how much. Will it create a sea change in the industry, or will the impact be less than transformational? Certainly, technology has revolutionized the daily lives of most people—including the way they communicate, […]

News

Global Economy

Interview with Tom Flexner

Paul Fiorilla, Yardi Matrix’s Associate Director of Research, recently sat down with Tom Flexner, Citigroup’s Global Head of Real Estate, to discuss the global economy, the state of the commercial real estate market and new regulations that are impacting the sector. The interview was published in CRE Finance World, which is published by the Washington, […]

News

Wall of Capital

Investors Bullish about CRE

Commercial real estate has seen a remarkable run-up in values in recent years, driven by steady job growth and robust fundamentals. The strong performance coincides with the economic recovery in the U.S., but even so, the outsized increases are well more than would normally be expected given moderate GDP growth in the 2% range during […]

News

Positive Outlook

NMHC Apartment Strategies Recap

Orlando—Overdevelopment? Affordability? Rising capitalization rates? An economic downturn? Falling stock market prices? Bring it on, the multifamily market can handle it this year. At least that seemed to be the consensus at the National Multifamily Housing Council’s annual meeting, held this week in Orlando. Panelists at the conference’s Apartment Strategies Outlook event were generally bullish […]