Midwest Office and Multifamily Outlook and Chapter Meeting

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Notes

Link to Zoom will be sent closer to the date of the class.  Pending state approval.

Class is scheduled to go from 11:30 am - 1:30 pm.

Chicago Multi‐Family Real Estate Market – Current Market Conditions.

This section will outline current conditions in multi‐family submarkets around Chicago,

including the current trends in the types of households currently being established in rental

projects, supply and demand for multi‐family real estate, current development, and financing

parameters. This section will explain current trends in deconversions of condominium

projects to rental projects, the use of opportunity zones and investments on the south side

of Chicago, trends in city core and suburban submarkets, and views on Chicago from the

institutional investment market. This section will provide case studies of land sales, rentals,

and sales, and will discuss the impact of government and economic forces on multi‐family

real estate.

Chicago Office Real Estate Market – Current Market Conditions.

This section will outline current conditions in office submarkets around Chicago, including the

current trends in the types of businesses currently being established in different office

projects, supply and demand for office real estate, current development, and financing

parameters. This section will explain current trends in CBD office development and the

expansion of the CBD to include zones outside the traditional core. This section will provide

case studies of land sales, rentals, and sales, and will discuss the impact of government and

economic forces on office real estate.

Additional Information

Matt Vance is a Research Director within CBRE’s Americas Research team. In this role, Matt leads CBRE’s Midwest thought leadership platform to deliver actionable, best-in-class research. Matt is also a Senior Economist with CBRE’s Econometric Advisors—the firm’s forecasting and data science arm.

His research is grounded in economic theory and designed to support client investment strategy and market positioning. Matt is a frequent speaker and panelist at economic and commercial real estate conferences and his work is regularly cited in the media.

Previously, Matt served as CBRE’s Research Director for the U.S. Southwest and Mountain States regions. Before joining CBRE in early 2015, Matt held a research position at Real Capital Solutions (RCS), a highly entrepreneurial real estate investment management company. Prior to RCS, Matt was an Instructor of Economics at the University of Colorado Boulder.

Education

University of Reading, Doctor of Philosophy (PhD), Real Estate & Planning (in progress)

University of Colorado at Boulder, Master of Arts, Economics

Grand Valley State University, Bachelor of Science, dual majors Mathematics and Statistics

Grand Valley State University, Bachelor of Business Administration, Business Economics

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.