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OUR REPORTS KEEP YOU AT THE FOREFRONT OF THE LATEST MARKET TRENDS
Over the years, Boxwood Means has collected, researched and published an enormous volume of data and research on the small-cap commercial property market. Our reports are among the most respected and most frequently cited in the industry. No matter where you do business or the types of properties you finance, it’s a safe bet we’ve studied it.
Take a look at some of our free resources below,
and help yourself to our complimentary research and newsletters.
Published every quarter, our Small Balance Advocate delivers an essential overview of the small-cap CRE market for lenders and investors.
This narrative analysis covers national space market fundamentals, loan production activity, property sales and price trends, as well as notable conditions in individual metro markets.
Register for your complimentary copy of the Small Balance Advocate. To receive future publications of this report, sign up for our Newsletter further below.
CURRENT ISSUE of Small Balance Advocate
SECOND QUARTER 2019DOWNLOAD PDF
A Market Poised for a Late Stage Course Adjustment
The most favorable reading of second quarter results was that market stability prevailed. But there is no denying that small-cap CRE space market and investment trends have flattened out and appear vulnerable.
FIRST QUARTER 2019DOWNLOAD PDF
Supply Scarcity Cramps Industrial Sector Demand
Stresses on the occupier market were exposed during first quarter as supply’s long-standing deficit finally exacted its price in terms of curbed demand generally and negative net absorption specifically in the industrial sector. Similar cooling has emerged in the investment market.
FOURTH QUARTER 2018DOWNLOAD PDF
A Year of Living Cautiously
By closing out fourth quarter on solid footing, small-cap CRE fundamentals offered encouragement for investors and lenders on the new year's prospect. Yet cracks in the foundation persist, raising some concern over the future durability of the market's expansion.
THIRD QUARTER 2018DOWNLOAD PDF
Fundamentals Advance, Extending Investment Opportunities
Solid third quarter fundamentals combined with strong optimism among Main Street businesses sustain a thriving small-cap CRE market.
SECOND QUARTER 2018DOWNLOAD PDF
Crosswinds Emerge at Mid-Year
Generally, favorable small-cap space market and investment fundamentals progressed through second quarter. Yet the occupier demand trend may create headwinds for future growth.
FIRST QUARTER 2018DOWNLOAD PDF
Market Watchwords: Get While the Gettin’s Good
Re-assuring signs of the market’s durability from first quarter fundamentals offer hope to investors and lenders for a repeat of last year’s exceptional transaction sales volume and SBL originations.
FOURTH QUARTER 2017DOWNLOAD PDF
Solid Q4 Results Fuel Optimism for 2018
Rejuvenated small business growth has supported a trifecta of vigorous small-cap property fundamentals, peak sales and robust loan originations that shows few signs of abating soon.
THIRD QUARTER 2017DOWNLOAD PDF
Leasing Velocity Retreats as Cycle Grinds On
Space demand advanced at a markedly slower pace during the most recent quarter. Yet rent growth hit new highs and small cap CRE prices were re-invigorated.
FIRST QUARTER 2017DOWNLOAD PDF
Mixed Market Signals Materialize in New Year
Fundamentals posted another generally positive quarter to start out the year, but mixed space market conditions as well as modest investment sales and pricing trends collectively serve notice.
SECOND QUARTER 2017DOWNLOAD PDF
Market Advances at a Slower Pace
While small cap CRE market and investment conditions improved during second quarter, a growing body of evidence suggests the market is nearing a peak.
SEPTEMBER, 2016DOWNLOAD PDF
Investment Domains Begin to Bifurcate
Sales volume dropped in July for both large and small cap CRE domains, but the similarities end there. Transaction activity in the large cap arena is in a prolonged drought abetted by unstable asset prices. Small cap trends have been more favorable.
AUGUST, 2016DOWNLOAD PDF
Investment Trends Signal Heated Second Half for 2016
Improved stability in financial markets has bolstered investor sentiment; so, too, have core fundamentals underscored by a surge in rents. As a result, small balance investors have gained a collective second wind and are driving asset sales and prices higher.
JULY, 2016DOWNLOAD PDF
Space Markets Provide a Lift for Investments
After the recent pullback in investment sales and prices, impressive second quarter space market fundamentals re-assure small balance lenders and investors that there’s plenty of gas left in the tank.
JUNE, 2016DOWNLOAD PDF
Momentum in Investment Property Sales and Prices Slows
Chalk it up to market uncertainties and/or investor fatigue, but the dynamic pace of growth in the CRE investment market has hit a speed bump.
MAY, 2016DOWNLOAD PDF
Investors Turn Bullish At Quarter Close
Small cap CRE investors returned to the marketplace in force, elevating property sales to a first-quarter high as core fundamentals shine.
APRIL, 2016DOWNLOAD PDF
Investor Wariness Trumps Strong Fundamentals
Small cap space market fundamentals turned in a solid first quarter, but investment activity waned as investors were largely focused elsewhere, i.e., on choppy financial markets.
MARCH, 2016DOWNLOAD PDF
Market Expansion Gets Off to Slow Start
Small balance loan originations peaked last year and helped boost property sales to another record high. In the aftermath, January’s transaction volume dipped and prices flattened, but the small-cap CRE recovery remains largely intact.
FEBRUARY 2016DOWNLOAD PDF
Small Caps End Year on High Note
Deal volume topped $90 billion in 2015 for the first time as rents and asset prices strengthened in most markets.
JANUARY, 2016DOWNLOAD PDF
Property Sales Advance to New High as Fundamentals Shine
Annual sales volume set a new record in November by capitalizing on exceptional trends in space market fundamentals.
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Our national Small Balance Loan (SBL) reports provide a comprehensive view of top lenders and market opportunities nationwide to support strategic planning, new business initiatives and new loan product development.
To receive a complimentary SBL report:
Current issue of SBL National Report
Small-cap CRE assets have proven to perform differently than large-cap properties over time. We capture the unique performance of these assets in 2-3-page PDF reports covering 125 U.S. commercial and 45 multifamily markets. These concise reports, updated monthly, include tables, graphs and narrative highlights that are must-have intelligence for credit analysts, underwriters and portfolio risk managers among other staff who need to keep on top of key market metrics and trends.
Register to review a sample metro SCPI report.
Want to subscribe to our quarterly SBL reports for one or more U.S. states?
Or subscribe to our monthly SCPI reports for multiple metro areas? Contact us.
September 1, 2018DOWNLOAD PDF
INFOGRAPHIC: BOXWOOD STUDY OF FIELDSMART COMMERCIAL EVALUATION ACCURACY. SUMMARY RESULTS.
April 17, 2018DOWNLOAD PDF
National SBL Report - Full Year 2017
December 15, 2017DOWNLOAD PDF
Strong Support, Modest Regulatory Relief: Client Survey on the Outlook for the Proposed Appraisal Exemption Increase.
FEBRUARY 01, 2014DOWNLOAD PDF
Favorable Expectations for 2014 Voiced by Experts in First Survey. Small Balance Commercial Market Outlook.
Special Study of Small Balance Commercial Lending among Community Banks
Small Balance Loan Research
Researching the Right Stuff
AUGUST 01, 2010DOWNLOAD PDF
BENT BUT NOT BROKEN: SMALL-CAP CRE PRICES PROVE RESILIENT
Small Commercial Mortgage Market Shows Signs of Life