CRE Revenue Trends
Residual Covid-19 Ripples Still A Significant Factor for CRE
Pre-COVID-19 CRE Revenue Growth Was Stable
From 2014 to 2019 most property types recorded total average revenue growth between 20%-25%
This period was relatively “normal” and stable
Shocks and Revivals Can Disrupt The Trend
Despite stable long-term return growth, CRE revenues can face significant shocks like the global financial crisis
By the same token, the shocks of 2021-2022 affected each property types in a different, unique way
What Investors Can Expect in the Near-Term
The market remains disrupted, but likely moving back toward normalization for most property types
Office properties still face significant uncertainty, but CRE supply and demand are slowly moving back into alignment
*Through 1Q
Sources: Marcus & Millichap Research Services, CoStar Group, RealPage
