At Colliers, we understand the importance of interconnected data, macroeconomic trends, and anecdotes in real estate decisions. With that in mind, here are 10 numbers that have recently caught our attention.
1. NCREIF and PREA launched its Reporting Standards ESG Key Performance Indicators with 50+ KPIs to help bring added clarity and consistency to the marketplace.
2. Nuveen is launching a global impact investing sector with a goal of having $15 billion in assets under management by 2026. Its aim is to increase social and affordable housing.
3. Hotel companies including Hilton, Marriott, and IHG are reporting a return to 2019 revenue levels. IHG noted its U.S. hotels were 6% below 2019 levels in the first quarter, Marriott reported its U.S. and Canadian portfolio returned to 2019 performance in April, and Hilton expects systemwide recovery later in 2022.
4. The Bureau of Labor Statistics (BLS) reported a record 4.5 million people quit their jobs in March.
5. Freddie Mac reported 30-year fixed-rate mortgages were 5.25% on May 19, an increase of 2.25 percentage points from one-year prior, and 2.15 percentage points in 2022.
6. CoreLogic analyzed 392 regional housing markets across the U.S and found 86% have a very low, or low likelihood of a price decline (0-20% chance). Moody’s, on the other hand, found that 96% of metropolitan statistical areas are overpriced.
7. In April, Google announced it would invest $9.5 billion in office and data center space in the U.S. over the course of 2022.
8. Inflation eased somewhat in the BLS’ April reading of the consumer price index. Phoenix (11%), Atlanta (10.8%), and Miami (9.6%) were well ahead of the U.S. average of 8.3%. San Francisco was on the lower end at 5%.
9. Asana reported that more than 50% of the typical workday is spent on “work coordination” which includes items such as searching for information, communicating about work, meetings and follow-up.
10. Amazon reported a $3.8 billion loss in its most recent earnings report. It also noted it has excess warehouse capacity after doubling its volume during the pandemic.
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