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Researched and published an enormous volume of data and research on the small-cap commercial property market

RESOURCES

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 resources below and, for more frequent market updates, check out our Blog pages.

NEWSLETTER

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Small-cap CRE market intelligence and insights

PAPERS & PRESENTATIONS

PAPERS & PRESENTATIONS

  • Small-Cap CRE and the Fit with Evaluations

    April 18, 2024

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    Small-Cap CRE and the Fit with Evaluations: Presentation by Randy Fuchs at the April 2024 FIVA Meeting and Roundtables.

  • boxwood paired valuations study

    February 8, 2024

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    Boxwood Study Charts Rise in Small-Cap CRE Asset Valuations

  • Detect and Protect: A Fresh Take on CRE Collateral Monitoring

    March 8, 2021

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    Detect and Protect: A Fresh Take on CRE Collateral Monitoring

  • A Key Resource for Managing Valuation Risk and Cost during Unsettled Times

    February 17, 2021

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    Evaluations: A Key Resource for Managing Valuation Risk and Cost during Unsettled Times

  • Resilience Reigns

    December 17, 2020

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    Resilience Reigns. Presentation by Randy Fuchs at the MBA's Small-Balance Lending Webinar.

  • Late Cycle Trends in the Small-Balance Loan Market

    February 13, 2020

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    Late Cycle Trends in the Small-Balance Loan Market. Randy Fuchs' Presentation at the MBA CREF 2020 Conference.

  • Small Balance Loan report supports strategic planning, new business initiatives

    AUGUST 16, 2019

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    NATIONAL SBL REPORT - FIRST QUARTER 2019

  • NATIONAL SBL REPORT - FULL YEAR 2018

    May 14, 2019

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    NATIONAL SBL REPORT - FULL YEAR 2018

  • NATIONAL SBL REPORT - FOURTH QUARTER 2018

    April 25, 2019

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    NATIONAL SBL REPORT - FOURTH QUARTER 2018

  • 2019 Bank Client Survey Infographic

    March 15, 2019

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    2019 Bank Client Survey Infographic

  • A MEANS TO COMPETE - 2019 BANK CLIENT SURVEY ON COMMERCIAL EVALUATION USE

    March 15, 2019

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    A MEANS TO COMPETE
    2019 BANK CLIENT SURVEY ON COMMERCIAL EVALUATION USE

  • NATIONAL SBL REPORT - THIRD QUARTER 2018

    January 15, 2019

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    NATIONAL SBL REPORT - THIRD QUARTER 2018

  • INFOGRAPHIC: BOXWOOD STUDY OF FIELDSMART COMMERCIAL EVALUATION ACCURACY. SUMMARY RESULTS.

    September 1, 2018

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    INFOGRAPHIC: BOXWOOD STUDY OF FIELDSMART COMMERCIAL EVALUATION ACCURACY. SUMMARY RESULTS.

  • National SBL Report - Full Year 2017

    April 17, 2018

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    National SBL Report - Full Year 2017

  • Strong Support, Modest Regulatory Relief

    December 15, 2017

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    Strong Support, Modest Regulatory Relief: Client Survey on the Outlook for the Proposed Appraisal Exemption Increase.

  • INFOGRAPHIC: CLIENT SURVEY ON PROPOSED APPRAISAL EXEMPTION

    December 15, 2017

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    INFOGRAPHIC: CLIENT SURVEY ON PROPOSED APPRAISAL EXEMPTION

  • Small Balance Market Overview and Trends

    JUNE 22, 2017

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    Small Balance Market Overview and Trends

  • SMALL BALANCE MARKET TRENDS

    APRIL 27, 2017

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    SMALL BALANCE MARKET TRENDS

  • Evaluations for Subsequent Transactions

    MARCH 01, 2017

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    Evaluations for Subsequent Transactions

  • Infographic:Client Survey Results

    JANUARY 01, 2017

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    Infographic:Client Survey Results

  • 2Q National SBL Market Report

    OCTOBER 02, 2017

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    2Q National SBL Market Report

  • Musings on CRE Prices and Differing Market States

    NOVEMBER 16, 2015

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    Musings on CRE Prices and Differing Market States

  • Presentation on Small Balance Lending Trends

    SEPTEMBER 17, 2015

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    Presentation on Small Balance Lending Trends

  • Top Bank Lenders Strengthen Hold on Small Balance Commercial Origination

    JULY 01, 2015

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    Top Bank Lenders Strengthen Hold on Small Balance Commercial Origination.

  • Presentation on Small Balance Lending Trends

    APRIL 29, 2015

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    Presentation on Small Balance Lending Trends

  • Another Take on Market Fragmentation

    MAY 01, 2014

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    Another Take on Market Fragmentation

  • Fuchs Presentation on Small Balance Lending Trends

    MAY 07, 2014

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    Fuchs Presentation on Small Balance Lending Trends at the Crittenden National Real Estate Conference

  • Favorable Expectations for 2014 Voiced by Experts in First Survey

    FEBRUARY 01, 2014

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    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

    SEPTEMBER 01, 2013

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    Special Study of Small Balance Commercial Lending among Community Banks

  • Small Balance Loan Research

    SEPTEMBER 01, 2013

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    Small Balance Loan Research

  • Small Balance Loan Research

    DECEMBER 01, 2013

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    Small Balance Loan Research

  • NEW INTERAGENCY APPRAISAL AND EVALUATION GUIDELINES

    DECEMBER 01, 2013

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    NEW INTERAGENCY APPRAISAL AND EVALUATION GUIDELINES

  • Not One-Size-Fits-All

    SEPTEMBER 01, 2013

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    Not One-Size-Fits-All

  • Researching the Right Stuff

    SEPTEMBER 01, 2013

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    Researching the Right Stuff

  • BENT BUT NOT BROKEN: SMALL-CAP CRE PRICES PROVE RESILIENT

    AUGUST 01, 2010

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    BENT BUT NOT BROKEN: SMALL-CAP CRE PRICES PROVE RESILIENT

  • Small Commercial Mortgage Market Shows Signs of Life

    SEPTEMBER 01, 2013

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    Small Commercial Mortgage Market Shows Signs of Life

  • Steady As She Goes: Small-Balance Market Update.

    JUNE 07, 2007

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    Steady As She Goes: Small-Balance Market Update.

  • Small is the New Big

    APRIL 25, 2007

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    Small is the New Big

  • Everyone Can Play. Anyone Can Win.

    DECEMBER 04, 2007

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    Everyone Can Play. Anyone Can Win.

  • Navigating the Wholesale Channel

    APRIL 25, 2007

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    Navigating the Wholesale Channel:2006 Small-Balance Commercial Mortgage Brokers Survey.

  • Sizing Up the Small-Loan Market

    DECEMBER 04, 2007

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    Sizing Up the Small-Loan Market

SMALL BALANCE ADVOCATE ARCHIVE

  • More Doubts Infect a Late-Stage Market

    THIRD QUARTER 2019

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    More Doubts Infect a Late-Stage Market

    Main Street occupier and investment market fundamentals were steady through three quarters of the year. But the economic underpinnings of the long CRE bull market ride have loosened and frayed, and small business owners and small-cap investors have taken notice.

  • A Market Poised for a Late Stage Course Adjustment

    SECOND QUARTER 2019

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    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.

  • Supply Scarcity Cramps Industrial Sector Demand

    FIRST QUARTER 2019

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    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.

  • A Year of Living Cautiously

    FOURTH QUARTER 2018

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    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.

  • Fundamentals Advance, Extending Investment Opportunities

    THIRD QUARTER 2018

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    Fundamentals Advance, Extending Investment Opportunities

    Solid third quarter fundamentals combined with strong optimism among Main Street businesses sustain a thriving small-cap CRE market.

  • Crosswinds Emerge at Mid-Year

    SECOND QUARTER 2018

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    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.

  • Market Watchwords: Get While the Gettin’s Good

    FIRST QUARTER 2018

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    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.

  • Solid Q4 Results Fuel Optimism for 2018

    FOURTH QUARTER 2017

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    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.

  • Leasing Velocity Retreats as Cycle Grinds On

    THIRD QUARTER 2017

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    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.

  • Mixed Market Signals Materialize in New Year

    FIRST QUARTER 2017

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    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.

  • Market Advances at a Slower Pace

    SECOND QUARTER 2017

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    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.

  • Investment Domains Begin to Bifurcate

    SEPTEMBER, 2016

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    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.

  • Investment Trends Signal Heated Second Half for 2016

    AUGUST, 2016

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    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.

  • Space Markets Provide a Lift for Investments

    JULY, 2016

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    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.

  • Momentum in Investment Property Sales and Prices Slows

    JUNE, 2016

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    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.

  • Investors Turn Bullish At Quarter Close

    MAY, 2016

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    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.

  • Investor Wariness Trumps Strong Fundamentals

    APRIL, 2016

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    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.

  • Market Expansion Gets Off to Slow Start

    MARCH, 2016

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    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.

  • Small Caps End Year on High Note

    FEBRUARY 2016

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    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.

  • Property Sales Advance to New High as Fundamentals Shine

    JANUARY, 2016

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    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.