CBRE experts in economics and modeling deliver superior actionable insights by monitoring trends in the macroeconomy and commercial real estate. By leveraging CBRE's vast data and market intelligence CBRE offers clients one platform for discovering macro trends, the outlook for property market fundamentals and investment performance to support analytical needs of investors and occupiers worldwide.
Intelligent Investors across the globe rely on CBRE’s forecasting platform for actionable market intelligence.
For all property types we utilize modern time-series econometric techniques (in the form of VARX models) to relate general MSA-level economic conditions (proxied by employment) to commercial real estate performance in each market.
We utilize these models to generate CRE performance forecasts for rent indices, vacancy rates, absorption, and construction for each market and each economic scenario.
An estimation of cap rates, property values and returns by leveraging fundamentals and factors like capital conditions, liquidity, risk, asset demand and economic expectations.
For all property types we utilize modern time-series econometric techniques to create market-level historical reference analysis (dating back to 1994) and forecasts for NOI growth, cap rates, property values, and annual NOI index. These are calculated for four scenarios: Baseline, Downside, Severe Downside, and Upside. The Investment Outlook report and data includes a NCREIF forecast, market trends and cap rate comparisons for all property types.
A detailed look at real estate construction that captures new supply and alterations with details on building location, size of project and planned completion date.
New supply data is powered by SupplyTrack, a database of proposed, underway, and completed commercial real estate projects in the U.S. and Canada. SupplyTrack reports and tracks construction projects through nine different phases: pre-planning, planning, final planning, bidding, start, underway, completed, deferred, and abandoned. Detailed project information includes square footage, construction cost, number of units, and location.
New supply data provides real estate professionals with an easy way to assess the coming supply of real estate in terms accepted and used by the real estate industry. SupplyTrack is a key driver of our sector forecasts.
Macroeconomic and Forecast Scenarios
The refinement of insights and emerging trends that impact commercial real estate sectors and markets.
Macroeconomic and Sector Outlooks and Forecast Scenarios
Econometric Advisors generates quarterly CRE performance forecasts for the current state of the economy, macro overviews, job growth, availability, occupancy, supply, rent growth, transaction volume and demand. These include analysis for major markets and submarkets.
These forecasts are the basis for all other reports, products and analyses. The forecasts and scenarios inform EA’s trend analysis, both historical and into the future, and provide the groundwork for EA to be trusted advisors to inform real estate decisions our clients continuously face.
EA Asking Rent Index
The distillation of rent observations into a repeat rent index to examine and estimate rent movements over time.
Within the development, improvement and management of price determination models, Econometric Advisors derives quarterly figures for asking rents leveraging a repeat rent methodology – the gold standard in economics – to delivers a reliable asking rent index of rent movements over time.
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Sector Outlooks and Market Reports
Detailed sector and market overviews of key statistics and the forecast of fundamentals and performance employment growth rates vs. the nation.
Econometric Advisors provides quarterly individual market reports for tracked markets and submarkets including forecasts, key economic statistics, capital markets summaries, employment data, historical data, completions, vacancy and comparative national standings.
Each market has its own nuances and may not fit the national narrative. By examining not only major markets individually but also submarkets, we are generating a more detailed and accurate view for market stakeholders. These markets also come together to create CBRE EA’s Sum of Markets figures.
Platform Data Tools
Forecasting and what-ifs
Empowering you to create and test forecast scenarios
You can run metro-level forecasts for the U.S. office, industrial, apartment and retail markets in EA's coverage. Submarket forecasting will be added in a future release.
Can I adjust more than just demand?
We’ve enabled adjustable supply growth (completions) and inflation (CPI) in October 2020.
What about COVID-19?
We've enabled two COVID-19 demand adjustments for office markets. Consistent with new research from EA, you can create a demand impact profile for changing work-from-home rates, and another for in-office physical distancing. These are stored independently of your employment scenarios and can be applied separately, together, or not at all.
To simplify input, we let users set inflection points. We interpolate the quarterly values between those points and feed the result into the model. This way, if you think the WFH trend will rise or fall gradually over 10 years, you only have to place the ten-year point.
Eight available inflection points let you create a variety of shapes, but you need not use them all. Only values (user-provided and interpolated) within the five-year forecast period (the green shaded area on the chart) affect the forecast.
What should I know about saving scenarios?
Forecaster saves scenarios, not forecasts. To keep a forecast, you can either export it to Excel, or save the scenario to re-run later. Scenarios are initially valid during the quarter in which they were created. When a new quarter's data is released, scenarios go out of date. To continue using an out-of-date scenario, you can either load it and save it anew (with any changes), or you click a button to reassign its values to the current forecast period.
A scenario comprises 20 quarterly values for each of: employment growth, completions, and CPI. In Forecaster's initial release, only employment growth is adjustable. Completions and CPI are coming soon.
Does Forecaster work on mobile?
We don't currently support mobile devices. Using Forecaster on mobile is possible, but logging in can be difficult and certain parts of the interface might not work as expected, depending on your device and settings.
Use Address Finder to drop pins and locate submarkets by sector or upload a list of pins.
Use Markets and Sectors to browse or refocus the map.
Click on pins to access key stats and other features.
Append connects your locations to market and submarket insights – historical and forecast.
Building Filter refines your own customized time series reports for the office, industrial and apartment sectors.
Frequently Asked Questions
Which sub-region and sector can I view boundaries for?
You can view EA boundaries and its insights for the U.S. office, industrial, apartment, hotel and retail sectors. We will be expanding the boundary coverage to include Canadian boundaries and its insights by end of Q2 2021.
What should I know about saving my locations and its insights?
Locator saves your locations, not appended reports. To keep a report, you can either export it to Microsoft Excel, or save the your locations and append data later.
Does Locator have an API?
An API is an application protocol interface. We have spent considerable time and effort developing Locator's API which can be leveraged to connect to our applications and extract data.
Which browsers does Locator support?
Locator works best with Chrome and Microsoft Edge Chromium browsers. Using Locator in any other browser can be disruptive and depending on the version of your browser, you may also be directed to an unsupported browser page.
Does Locator work on mobile?
We don't currently support mobile devices. Using Locator on mobile is possible but logging in can be difficult and certain parts of the interface might not work as expected, depending on your device and settings.
Quickly preview your reports and update them live.
Save and quickly export your reports into Microsoft Excel.
Manage your reports at the click of a button.
Access your legacy DataDriver reports through Builder.
Frequently Asked Questions
What should I know about saving queries?
Builder saves queries, not reports. To keep a report, you can either export it to Microsoft Excel, or save the query to re-run later.
Reports are initially valid during the quarter in which they were created. When a new quarter's data is released, reports go out of date. In this scenario, you can load your saved query within Builder and download it as a new report.
Which sub-region and sector can I build customized reports for?
You can create customized reports for the U.S. office, industrial, apartment, hotel and retail sectors; Canada office and industrial sectors; And Europe office sector in EA's coverage.
Can I access my legacy DataDriver queries in Builder?
We have migrated all your legacy DataDriver queries in Builder and you can view and edit them from “My Workbooks” in Builder.
Can I refresh my reports?
Yes, we’ve launched Builder’s new excel plugin for Office 365 to refresh and update reports.
Does Builder have an API?
An API is an application protocol interface. We have spent considerable time and effort developing Builder’s API which can be leveraged to connect to our applications and extract data.
Which browsers does Builder support?
Builder works best with Chrome and Microsoft Edge Chromium browsers. Using Builder in any other browser can be disruptive and depending on the version of your browser, you may also be directed to an unsupported browser page.
Does Builder work on mobile?
We don't currently support mobile devices. Using Builder on mobile is possible but logging in can be difficult and certain parts of the interface might not work as expected, depending on your device and settings.