Victor Calanog

Victor
Calanog
Vice President of Research & Head of Economics

Victor Calanog is vice president of research and economics at Reis. He and his team of economists and analysts are responsible for the firm’s market forecasting, valuation, and real estate portfolio analytics services. His research has received awards and fellowship support from several institutions, including the Ford Foundation, the Russell Sage Foundation and the Penn Lauder Center for International Business Research.

Articles
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.
Multifamily Fundamentals Do Not Face a Cliff
Demand for apartments will remain strong, and will rise further if economic growth quickens.
Are Suburban Office Markets Making a Comeback?
Suburban office markets seem to be picking up steam.
A Coming Deluge of Apartment Construction
There are indications that anywhere from 150,000 to 200,000 units under construction in the top 79 markets that Reis tracks, with approximate completion dates from late 2012 to 2013. That is more than triple the rate of inventory growth in 2011.
Is the Retail Recovery Finally Here?
The latest data through February 2012 provides evidence that a broad-based recovery for retail properties may finally have commenced.
Will Rollover Risk Sink the Office Recovery in 2012?
As leases signed at the peak of the market expire, will office markets face a challenge?
Why All Is Not (Uniformly) Rosy in the Apartment Sector
Challenges face even the hottest commercial property sector.
The Have and Have-Not World of Retail
Recovery in the retail sector has lagged overall, but some sectors have performed better than others.
Has the Slowdown in the Office Sector Begun?
Troubling signs have emerged that signal the office sector may be in for another dip.
How Will The Economic Slowdown Affect Commercial Real Estate Fundamentals?
Volatility continued to haunt financial markets in late August through early September, and fear of a double-dip recession remains prevalent.
Despite the Market Turbulence, There Will Be No Double-Dip Recession
The tumultuous events of the last four weeks have prompted downward revisions to economic forecasts, and for good reason.
Trends in Cap Rates Can Be Deceiving As the Office Market Shows
Rollover risk is particularly important for office properties because of the large share of space occupied by specific tenants.
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