Marcus & Millichap produces more than 2,000 research products each year
March 18, 2020: Marcus & Millichap (M&M), a commercial property investment firm, has released a special report on the coronavirus outbreak and its potential effect on finance and real estate for self-storage and other commercial real estate assets. M&M published a four-page PDF publication which includes the overviews of the U.S. economy, interest rates and the stock market, along with outlooks for various markets. The report is produced by the company’s research-services division. It is available for free download from the company website.
“In looking at market reaction to previous pandemics such as SARS, the H1N1 “swine flu,” the “avian flu” and others, those incidents created “short-term market instability” that showed signs of stabilization within three to six months” according to the report.
“While the coronavirus will weigh on the U.S. economy in the first quarter, growth should be sustained,”. “Expectations of weaker exports, reduced tourism and supply-chain-related shortfalls will moderate the pace of economic growth, but low unemployment and comparatively strong consumption levels should offset the headwinds unless the outbreak amplifies significantly, or confidence levels drop dramatically.” Analysts wrote
“While M&M forecasts commercial real estate to remain stable barring a major economic disruption, it’s outlook for self-storage is particularly positive. “Space demand for self-storage units will experience little if any impact from the coronavirus,”. The national average vacancy rate closed 2019 at 9.9 percent, and it is expected to drift up to 10.0 percent in 2020 as the elevated flow of new facilities continues to taper nationwide.” analysts wrote
M&M’s research-services department offers a range of publications, from national economic perspectives to market-specific analyses. Users can search for reports in the M&M website by property type, location or keyword.
Marcus & Millichap is a commercial property-investment firm founded in 1971. It has more than 2,000 investment professionals in offices throughout Canada and the United States. It closed nearly 9,500 transactions in 2018 with a value of approximately $46.4 billion.