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Paul Fiorilla0 Posts
Paul Fiorilla is Director of Research at Yardi Matrix, where he oversees research publications that include national and metro outlooks and white papers about industry trends. Paul recently passed his 25th anniversary in the industry. Before joining Yardi in January 2015, he worked for six years as an investment vice president in the research group of Prudential Real Estate Investors (now PGIM). Prior to joining PREI, he covered CMBS and CRE capital markets for Commercial Mortgage Alert for 12 years. Additionally, he serves as volunteer Editor-in-Chief of the magazine published by the CRE Finance Council, and is a member of the publications committee of the Pension Real Estate Association (PREA).
Offices Face Quantum Shift Post-COVID
The Metamorphosis of the Office Market by Paul Fiorilla No sector of commercial real estate faces more uncertainty going forward than offices. Companies found during the pandemic that work can be accomplished productively from home, and many workers found that they prefer shorter commutes and more flexibility. Demand for office space will be reduced, and workspaces will be redesigned. The only question is how much of a disruption will occur.
COVID Cash Kicks Off New Policy Era for CRE
Besides providing a short-term boost to the commercial real estate segments most affected by the pandemic, the $1.9 trillion COVID-19 relief package signed into law by President Joe Biden promises to be a taste of the type of progressive policymaking Democrats will implement while they control Congress. The American Rescue Plan funds a wish list of programs sought by the industry, including nearly $40 billion of aid for rental housing,
COVID-19: A Game Changer for Multifamily
The COVID-19 pandemic ended years of healthy multifamily fundamentals. Will the industry’s pain be short-lived or the start of a new trend that is less favorable for the sector? After nearly a decade of solid growth, multifamily asking rents dropped 0.4% nationally in April and May, with twice as many metros seeing rents decline (71) as increase (35), according to a study of 107 U.S. metros by Yardi Matrix. Metros
