Calvin Schnure

Calvin Schnure

Calvin Schnure is Nareit’s senior vice president, research & economic analysis. He analyzes developments in the macro economy and their impact on REITs and commercial property markets, and on financial returns to REITs.

  • Market Commentary Blog

    Commercial Vacancy Rates Remain Low, but Rent Growth Slowed in 2018:Q1

    Vacancy rates remained low in the first quarter of 2018 for the major commercial property sectors. Vacancy rates were unchanged among national office, retail and industrial markets, and ticked down 10 basis points in apartment markets, according...
  • Market Commentary Blog

    CRE Still Benefiting From Economic Fundamentals, Despite Interest Rate Worries

    The overall composite price index in March stood 7.9 percent above one year earlier. This increase represents an acceleration of price gains from those during most of 2017, to the most rapid pace since 2016.
  • Market Commentary Blog

    What’s the Yield Curve Telling Us About the Outlook for the Economy and REITs?

    Interest rates remain in the headlines, and given their importance in the U.S. economy, it’s smart to pay attention to what they may (or may not) be telling us.
  • Market Commentary Blog

    REITs Raised $38.3 Billion Common Equity, Tapped ATM Programs For A Record $7.5 Billion in 2017

    REITs raised $38.3 billion in common equity in 2017, the highest annual total since 2013.
  • Market Commentary Blog

    Property Prices and Cap Rates in a Rising Interest Rate Environment

    The question on everyone’s mind is, will this drive up cap rates, possibly causing property prices to fall?
  • Market Commentary Blog

    The FOMC and REITs

    The REIT market generally overreacts initially to news that affects the timing and possible aggressiveness of Fed tightening, as well as to increases in long-term interest rates, but tends to recover over time.
  • Market Commentary Blog

    REIT Exposures to Interest Rates at an All-Time Low

    Two of the biggest questions for investors for the remainder of this year will be what happens to interest rates, and how will changes in the interest rate environment affect businesses and financial markets?