Brad Doremus

Senior Analyst

Bradley Doremus is an associate in the research and economics department at Reis, the team responsible for the firm’s market forecasting, valuation and portfolio analytics services. Before joining Reis, Brad was an investment analyst in the research group at Portfolio Evaluations Inc., a New Jersey-based pension consultant. He was responsible for researching and performing due diligence for a broad range of mutual funds and alternative investment vehicles.

Articles by Brad Doremus
More of the Same For Retail 
Preliminary data released by Reis this month indicated the national vacancy rates for neighborhood and community shopping centers as well as for regional malls were unchanged during the first quarter.
Apartment Sector Remains Resilient, Despite Minimal Improvements in Occupancy 
Vacancy in the sector declined by 10 basis points during fourth quarter to 4.1 percent, in line with the 10 basis point decrease in vacancy recorded during the quarter prior.
Industrial Improvements Modest in 2013, but Signals Point to Healthy 2014 
Reis data for the fourth quarter of 2013 indicates that the U.S. warehouse/distribution market remains stuck in slow recovery mode.
Office Market Remains Stuck in a Rut 
The national vacancy rate for office properties remained unchanged during the fourth quarter at 16.9 percent. Fortunately, given how slowly the office sector’s recovery has progressed, this is not necessarily reason for worry.
Another Pause for Retail Properties 
Vacancies for neighborhood and community centers were unchanged during the third quarter and now stand at 10.5 percent, just 60 basis points below the peak vacancy of 11.1 percent, recorded during the third quarter of 2011.
Have Apartment Fundamentals Peaked? 
With vacancy declines slowing to a crawl and rent increases constrained by meager wage growth, market observers are wondering whether apartment fundamentals have peaked.
E-Commerce and the Evolution of Warehouse/Distribution Space 
More than a decade since the rise of the internet in the 1990s, e-commerce has officially become the bogeyman for the traditional retail industry. Executives are hard at work incorporating internet retailing platforms within their firms' existing structures under pressure from shareholders, though some are finding the task far from simple. Property owners are consumed with managing the fallout from the bankruptcies of major retailers and the trend toward smaller physical stores.
Office Vacancies Remain Elevated 
With the labor market unable to generate significant office-using employment, demand for space remains muted.
Despite Ongoing Headwinds, Retail Recovery Trudges Onward
While overall economic growth remains slow, consumers appear to be weathering the storm. This is particularly impressive given the one-two punch of higher taxes and spending cuts facing the country’s consumer base. Retail sales growth, though inconsistent, has generally remained positive. However, these favorable indicators have not translated into significant or consistent absorption of neighborhood and community shopping center space. The limited demand that exists is primarily for smaller units of less than 5,000 sq. ft. while landlords continue to have a more difficult time leasing larger boxes.
Multifamily Occupancy Gains Grind to a Halt
Preliminary second quarter data from Reis indicates a decline in the rate of net absorption and a stalling of declines in vacancy.
Slow Going for the Industrial Space
Industrial fundamentals continued to improve in the first quarter of 2013, but at a slower rate than was exhibited in the last half of 2012.
Running to Stand Still: The Office Sector Sees Marginal Improvements
National office vacancies remain 450 basis points above the sector’s cyclical low, recorded in the third quarter of 2007.
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