Macro moves, market metrics, and tariff talk

Our hosts, Omar Eltorai and Cole Perry, share a round-up of the latest macroeconomic indicators, upcoming policy changes, and CRE market matters both present and future. During the episode, they review US economic releases covering GDP, inflation, housing, construction, and manufacturing data; discuss upcoming moves by the incoming administration, including potential effects of tariffs planned for the new year; and analyze recent retail earnings calls along with preliminary retail data for Black Friday. They wrap up with some observations and important questions about the market outlook for 2025.

Key Takeaways:

00:48 - Macro releases: GDP, inflation, and more

05:31 - Housing and construction data insights

10:47 - Policy and market reactions

14:44 - Potential tariffs in 2025

19:32 - Credit and equity market updates

29:16 - Retail sector performance and Black Friday data

37:11 - Looking ahead to 2025

43:59 - Upcoming earnings calls and economic data

45:26 - Announcement and closing remarks

Resources Mentioned:



Q3 2024 US CRE Investment and Transactions Quarterly report

• US commercial real estate investment trends and transaction volume: https://www.altusgroup.com/featured-insights/cre-transactions/
• US commercial real estate investment sales - pricing and pacing: https://www.altusgroup.com/featured-insights/cre-transactions/pricing-pacing/
• US commercial real estate investment sales - property sectors: https://www.altusgroup.com/featured-insights/cre-transactions/property-sectors/
• US commercial real estate investment sales - markets: https://www.altusgroup.com/featured-insights/cre-transactions/markets/

The 5 US cities for retail investing that are most likely to outperform benchmarks - https://www.altusgroup.com/insights/5-us-cities-for-retail-investing-to-outperform-benchmarks/

CRE market hits lowest transaction count since 2011

https://www.globest.com/2024/11/21/cre-borrowers-split-on-financing-outlook-despite-improving-economic-conditions/

Commercial real estate recovery hinted at in report

https://www.mpamag.com/us/specialty/commercial/commercial-real-estate-recovery-hinted-at-in-report/516261

CRE investment falls to decade low, but that could soon change

https://www.bisnow.com/national/news/capital-markets/report-finds-cre-investment-has-hit-a-decade-low-but-that-could-soon-change-126978

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