Research

Cutting-Edge Market Research from Marcus & Millichap

Research Brief : December 2021

Record Year for Job Growth Ending on Slower Note as Labor Slack Tightens
Lackluster employment growth a sign of tight labor market.
Employers added 210,000 personnel in November, below this year’s monthly average of 555,000 jobs…

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Retail Sales: October 2021

September Retail Sales Outperform as Foot Traffic Remains Elevated
Consumer spending sturdy last month. Unfazed by the end of federal unemployment benefits and other dissipating stimulus…

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Gross Domestic Product: 4th Quarter 2021

Real Estate Resilient; Headwinds Weigh On GDP in Third Quarter
Economic recovery downshifts in third quarter. GDP expanded at a 2.0 percent annualized rate in the third quarter as myriad headwinds weighed on growth…

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Research Brief: RETAIL SALES September 2021

Consumers Moved Away From Service Providers, Boosting Retail Spending
Core retail sales reverse course in August. Shoppers remained active at the end of the summer, driven by online spending…

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Self Storage: September 2021

Self-Storage Delivers Record Performance;
Investor Confidence Driving Competition for Assets
Self-storage sector outperforming. Although not exempt to the challenges posed by the health crisis, self-storage properties have demonstrated…

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Housing: September 2021

Housing Construction Pushes Toward a
Record; Still Not Enough to Meet Demand
Tight multifamily vacancy supports permit surge. Across the
residential sector, permit activity climbed…

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Housing Market: August 2021

Delta Variant Stalls Service-Related Hiring;
Rising Wages Pose New Challenges
Health concerns slowed hiring last month. Job creation declined substantially in August as 235,000 positions…

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Retail Sales: August 2021

Annual Retail Sales Remain Strong; Property Fundamentals Resilient
Consumers tapped brakes on spending last month. Core retail sales dipped 0.7 percent on a monthly basis in July…

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Eviction Moratorium: August 2021

Eviction Pressures Abating as Economy, Labor Market Continue to Improve
Rising infections prompt moratorium extension. On Aug. 3 the Centers for Disease Control and Prevention enacted a new order…

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Research Brief: August 2021 EMPLOYMENT

Employers Sustained Aggressive Hiring in July as Delta Variant Overshadows Outlook
Unemployment steadily tightens. Job creation surpassed
900,000 new positions for the second consecutive month in July,..

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Research Brief : July 2021

Hot Housing Market Spills Over
Into Multifamily Rentals
Pandemic heightens changes in lifestyle. The leading edge of the 72 million millennial cohort began to age into the homebuying stage of life during the global…

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Global Capital: Midyear 2021

International Investment Shifts to Industrial Assets, Smaller Markets; Canada Leads Other Nations in U.S. Acquisitions
Cross-border property investment overcomes pandemic challenges. The onset of the global health…

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Research Brief: JULY 2021 EMPLOYMENT

Job Creation Speeds Up in June, Some Hurdles Yet to Be Cleared
Employment growth climbs. The pace of hiring accelerated in June as employers brought on 850,000 new personnel, following the creation of 583,000…

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Research Brief: A2021 RETAIL SALES

Stimulus Checks, Reopenings Boost
Retail Sales in March
March retail sales signal dramatic economic turnaround. Consumer spending surged in March as the national economy continued to regain its…

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Special Report : 2nd Quarter 2021

Cap Rates Compress as Investors Become Increasingly Active Performance Durability and Post-COVID Recovery Prospects Favored
Health and economic outlooks improving. Multiple factors point to an economy that is firmly in recovery as…

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Research Brief: First Quarter 2021

Economy Regains Footing as Vaccinations Permeate Population;
Gross domestic product surges in first quarter due to stimulus. In the opening three months of 2021, GDP jumped an annualized 6.4 percent, supported by consumer…

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Research Brief: JULY 2021 EMPLOYMENT

Job Creation Speeds Up in June,
Some Hurdles Yet to Be Cleared
Employment growth climbs. The pace of hiring accelerated in June as employers brought on 850,000 new personnel, following the creation of 583,000 jobs…

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Research Brief: JUNE 2021 RETAIL SALES

Retail Sales Flatten as Shoppers Rely
Less on Government Stimulus
Consumer spending well ahead of pre-pandemic level. Although core retail sales dipped 0.8 percent from April to May, expenditures are 15.7 percent…

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Research Brief: APR 2021 HOUSING

Lack of Supply and Rising Costs Impede
Path to Homeownership
Supply of homes on market tightens. The number of existing houses listed for sale retreated 32.6 percent year over year in February, the largest annual…

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Research Brief: APR 2021 HOUSING

Surging Home Sales and Prices Bolster
Commercial Real Estate Outlook
Housing market signals dramatic suburban transformation.
Home buying is being driven in large part by changing demographic trends that have been…

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Special Report: APR 2021 AMERICAN RESCUE PLAN

$1.9 Trillion Stimulus Plan Aims to Carry U.S. Economy Through COVID-19 Pandemic
American Rescue Plan (ARP) touches all parts of the economy. The $1.9 trillion spending bill includes funding for individuals, states and schools…

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Research Brief: APR 2021 EMPLOYMENT

Job Creation Surges in March,
But Long Road Ahead
Accelerating reopening bolsters hiring. Job creation soared to a seven-month high of 916,000 in March as easing business restrictions…

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MARKET REPORT: 4th Quarter 2020

Hard Hit by Health Crisis, Los Angeles County Navigates Transitional Period for Commercial Real Estate;
Metro’s Standing as Regional Logistics Hub Preserves Industrial Deal Flow…

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Research Brief: MAR 2021 EMPLOYMENT

One Year Into the Health Crisis,
Job Recovery Regains Momentum
Easing restrictions aid employment at bars and restaurants.
Employers added 379,000 workers to payrolls in February, the largest monthly gain since November….

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Research Brief: MAR 2021 RETAIL SALES

January Spending Spree Masks February
Retail Sales Performance
Consumer spending dips after January surge. Following the delivery of stimulus checks at the beginning of this year, retail sales…

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Research Brief: MAR 2021 STIMULUS

Stimulus Aims to Support Unemployed,
Jump-Start Economy
American Rescue Plan Act signed into law. The latest round of stimulus, at $1.9 trillion, is the second largest package ever passedby Congress….

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Research Brief: MAR 2021 HOUSING

Rising Homeownership Barriers Bolster Rental Housing Demand Rising costs restrain prospective homebuyers. Strong interest among buyers for a limited supply of homes for sale drove the median price of an existing single-family home up 14.8…

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Research Brief: FEB 2021 RETAIL SALES

Stimulus Leads to Broad-Based Jump in
January Retail Sales
Consumers return with new government cash. Spending in
every major sector improved in January, lifting core retail sales 6.1 percent from December…

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Special Report: DEC 2020 STIMULUS PACKAGE

Long-awaited stimulus package becomes law. After months of negotiations, Congress and the White House agreed to approximately $900 billion in COVID-19 relief, bringing the total stimulus investment in the past year to more than $3 trillion.

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Legal Update Bulletin: SENATE BILL 91

Senate Bill 91 –Housing Eviction Moratorium Extension and Rental Assistance Program Eviction Moratorium Extended
• The eviction moratorium is extended through June 30, 2021.
• Landlords cannot initiate eviction proceedings for non-payment of…

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