The Market Commentary blog on reit.com presents analysis of the macro- and micro-economic fundamentals impacting the REIT and commercial real estate industry. The Nareit economics team offers their commentary on the state of the market, the outlook for commercial real estate and breaking macroeconomic news. The opinions set forth here are solely those of its author(s), and do not necessarily reflect the views of the Nareit or its membership.
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REITs vs. Private Real Estate Funds: Partners, Not Rivals: Comparing Top Performing Funds
A recent research note by Hodes Weill & Associates (HW) called REITs versus Private Real Estate Funds: Partners, Not Rivals addressed the merits of public and private real estate in an institutional investor’s portfolio.
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REITs vs. Private Real Estate Funds: Partners, Not Rivals: Same Sentiment, Better Data
Hodes Weill & Associates (HW) recently published a thoughtful research note, REITs versus Private Real Estate Funds: Partners, Not Rivals, that addressed the merits of public and private real estate in an institutional investor’s portfolio.
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Stuck in a Rut: Private Real Estate Appraisal Shortcomings Benefit REITs
The wide gap between public and private real estate valuations has remained stubbornly slow-to-close.
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Beyond the Three Approaches: How Valuation Support Indicators Can Strengthen CRE Appraisals in Volatile Markets
The traditional real estate appraisal process works reliably during relatively stable real estate markets but reliance on the three established approaches—cost, sales comparison, and income—can be challenging when markets are volatile.
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REITs Underperformed Broad Market Equities in March; Outperforming Year-to-Date
On a year-to-date basis as of March 31, REITs have outperformed broad market equities with the FTSE Nareit All Equity REITs Index posting a total return of 3.8%, while the Dow Jones U.S. Total Stock Market fell 4.0% and the Russell 1000 fell 4.2%.
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REITs Outperform as Divergence with Broad Equity Market Narrows
While broad equity and REIT market valuation dislocations may be uncommon, historically, they have presented buying opportunities for REIT investors.
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Early Robust Gains May Signal Strong Year for REIT Performance
REIT performance began 2026 with a strong start.
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Global Real Estate Continued to Outperform Broader Markets in February
The FTSE EPRA Nareit Developed Index posted a total return of 11.1% through the first two months of 2026, while the FTSE EPRA Nareit Developed Extended Index returned 10.8% for the same period.
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Global Active REIT Portfolios Shift Toward Americas Health Care, Asian, European Diversified in Q4 2025
The global active manager tracker follows the quarterly investment holdings by the 25 largest actively managed funds invested globally.
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Property Space Markets, Led by Office & Retail, Showing Signs of Stabilization
Space market fundamentals can differ markedly across property types.
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REITs Outperformed Broader Market Equities in February
REITs significantly outperformed the broader stock market in February, with the FTSE Nareit All Equity REITs Index posting a total return of 7.5%, while the Dow Jones U.S. Total Stock Market and Russell 1000 both fell 0.5%.
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Signs of Stabilizing Property Fundamentals Suggest Operational Gains in 2026
In the fourth quarter of 2025, CoStar data showed that fundamentals across the four traditional property types were still marked by supply-demand imbalances, but signs of stabilization were also evident.