Retail sales in the United States have more than doubled since the global financial crisis. Over that same stretch, the industry added very little net new retail space. That gap between what consumers spend and what landlords can offer is the definin…
READ »A little less than half of the world’s institutional quality real estate sits in the United States. For a pension plan in Canada, a sovereign wealth fund in the Middle East, or an insurance company in Japan, that makes the US very hard to leave out o…
READ »This article was written by Steve Marcinuk and originally published by KeyCrew Journal on October 5, 2026. It features insight from Michael Bull, CCIM, founder of Bull Realty. The conventional wisdom on office real estate has settled into a fami…
READ »Total returns on US commercial real estate have now increased for roughly 8 consecutive quarters. Historically, once total returns turn positive after a downturn like the one we just came through, they tend to stay positive. For anyone with capital t…
READ »Over the past decade, retail has survived more obituaries than any other property type. The internet was supposed to empty the malls, COVID was supposed to finish the job, and tariffs, wars, and inflation have each taken a turn as the next threa…
READ »The US data center market now measures about 31 to 32 gigawatts, and one megawatt of power runs somewhere between 750 and 1,000 homes for a year. Put those two numbers together and the scale of what has been built, and what is still being built, come…
READ »The arithmetic in senior housing has become difficult to ignore. The 80 plus population in this country grows roughly 35% by 2030 and 65% to 70% by 2035. If the industry’s penetration rate holds steady, meeting that demand requires delivering about t…
READ »It was not that long ago that industrial was the boring cousin to the office tower, and the trade group that spoke for developers was known by four letters most people outside the industry could not decode. Both of those things changed this year. Ind…
READ »For most of the last decade, the most crowded trade in commercial real estate was the value-add apartment deal. Buy a 1980s or 1990s Class B property, spend a few thousand dollars a unit on washers and dryers, push rents $50 to $75 a month, and let t…
READ »For most of my career, the commercial real estate cycle ran on a predictable clock. Roughly ten years of expansion, a correction, a period of repair, then the next expansion. You could underwrite against that rhythm and be close enough. That clock st…
READ »