In this special episode, we talk with Paul Hendershot, Senior Director of Market Analytics at CoStar who delivers a comprehensive mid-year economic update and forecast for the commercial real estate industry.
In this special episode, we talk with Paul Hendershot, Senior Director of Market Analytics at CoStar who delivers a comprehensive mid-year economic update and forecast for the commercial real estate industry. He provides a broad perspective on the national recovery; where we've been, how the first half of 2021 is shaping up and what's in the forecast for the 2nd half of the year. In today's episode, Paul focuses on three asset classes (office, industrial, and retail) and shares his insights on what's going on in the national economy.
Key Discussion Points
[00:17] Welcome and introduction by Eric Odum
[02:18] The economy is turning a corner
[02:53] Employment outlook
[04:20] eCommerce outlook
[05:16] U.S. office market outlook
[07:26] Sublease space outlook
[10:42] Industrial market outlook
[14:38] Retail market outlook
[17:01] Summary and economic outlook
Paul Hendershot, Senior Director of Market Analytics, CoStar Group
As Senior Director of Analytics for Costar, Paul oversees creating compelling data and analysis to enhance the visibility and understanding of the North Texas, Oklahoma, and Arkansas markets. Previous positions include Director of Research for the Carolinas for JLL, Director of Research for the Charlotte Chamber, and Adjunct Professor of Applied Economics at the University of North Texas. His research has been highlighted in numerous publications, including the Wall Street Journal, Dallas Morning News, San Diego Union-Tribune, Bisnow, Charlotte Observer, and NPR.
In addition to Paul’s research experience, he served in the U.S. Air Force. He worked in Presidential Communications and volunteered to take part in Operations Joint Endeavor (IFOR) in Bosnia. Mr. Hendershot studied Sociology at the University of North Texas, receiving his B.A., graduating cum laude. He soon began his graduate work in Applied Economics at the University of North Texas, receiving his M.S. Outside of work, Paul is an avid aviator, enjoys traveling, and reading.