THE KAUFMAN REPORTdanielkaufmanre.substack.comMetro-wide rent data is burying the real story. Inside Austin, Phoenix, and Denver, the gap between winners and losers has never been wider — and most investors are still reading the wrong scorecard.The headlines have been...
April 2026 · Florida Market IntelligenceForget the brokers on Instagram and the media cheerleaders. The numbers on the ground tell a different story — and operators need to hear it straight.I’ve been skeptical of Florida as a real estate thesis for a while now. Not...
THE KAUFMAN REPORT What the immigration-driven collapse in break-even employment growth means for developers, operators, and anyone reading payroll reports right now.Everyone’s watching the jobs numbers and asking the wrong question.The headline payroll prints have...
THE KAUFMAN REPORTDistressed Office Is Finally Trading. Here’s Where I’m Looking this Morning.The bid-ask standoff is breaking. And for investors paying attention, the window is open.After years of sellers holding at fantasy valuations and buyers refusing to blink,...
The pipeline has been cut nearly in half. That’s not a crisis for retail landlords — it’s an accidental moat.The headlines keep calling retail dead. The supply data is telling a completely different story.Only 64.2 million square feet of retail was under construction...
Record leasing. Record vacancy. Both are true. Here’s what that actually means.The headline writers don’t know what to do with this one. Office leasing just posted its best quarter since mid-2018 — 120 million square feet signed in Q1 2026, a 25% jump year-over-year,...
