CMF Quote of the Week: May 11, 2023

“Uncertainty and volatility in regard to interest rates and property values, and supply and demand imbalances for some property types, has led to a logjam in commercial real estate sales and financing markets.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.

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“A continuing slowdown in across-the-board leasing velocity reflects mounting concerns among small businesses that economic conditions will get worse before they get better. The Federal Reserve appears hellbent on taming the inflation tiger, and the current regime of interest rate hikes has taken the air out of the proverbial balloon, has raised market risks and may level potentially punishing effects on all commercial real estate market participants.”
–Boxwood Means Principal and Co-Founder Randy Fuchs.

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“Stellar small-cap retail sector performance, which flies in the face of public debate ad nauseum about the existential threat to retail posed by online shopping, conjures up Rodney Dangerfield’s famous line about getting no respect,”
–Randy Fuchs, Principal and Co-Founder with Boxwood Means LLC, Stamford, Conn.

Small-Cap CRE Bounces Back

Boxwood Means LLC, Stamford, Conn., said small-cap commercial real estate is coming back into balance with larger properties after pandemic-induced shocks to the U.S. economy and the CRE markets.

Small Cap Industrial, Retail Leasing Takes Off

Boxwood Means LLC, Stamford, Conn., said leasing in the small-cap real estate domain showed strong momentum during the first quarter as the economy bounced back from the pandemic.

Small-Cap Multifamily ‘Resilient’

Small-cap multifamily properties are proving resilient during the pandemic-induced recession, said Boxwood Means, Stamford, Conn.