Introduction. I am the Runstad Professor of Real Estate and Director of Graduate Real Estate Studies in the College of Built Environments at the University of Washington. I am also the former Director of the Runstad Center for Real Estate Studies which is the spearhead for our new Master of Science in Real Estate degree.

Nature of Site. This is a non-commercial website. I established it to disseminate some of my research, teaching and service materials in an effort to help advance the real estate discipline and improve market efficiency. It also serves as a connection point to link me to the industry and allows me to stay in front of market trends and changing market conditions. Finally, it serves as an interactive forum that can be used to help bridge the significant gap between the academic community in which I currently reside and the professional community in which I have served in the past.

I am exploring additional ways to increase my outreach through this website. Please Contact Me if you have any suggestions as to how I can improve it to address industry issues and help advance the "state of the art" and professional practices.

Now on Facebook. For a more personal side and current updates, click on:

This logo presents a visual representation of the space-time, money-time dimesions of real estate. Click on my logo for discussion of the Spatial Market and Capital Markets.

Recent Market Data (being updated with December 2011 data).

• Updated April 2, 2010. Click on REIT Stock Prices to track the public market.
• See the complete NCREIF Property Type and Sub-type Returns through the 4th Quarter of 2009. Includes tables and graphs.
• Updated April 2, 2010. Click on Retailer Stock Prices to see 10 years of closing stock prices for some 60 retailers organized by merchant category.

I was the editor of the JSCR between 2003 and 2007 and compiled electronic copies of some 130 articles. Click here to access the entire history of JSCR Archives. To review the first 12 years of the JSCR, read "The Evolution of Shopping Center Research: A 12-year Restrospective."

Click on Logo for JSCR

Interested in how the career paths of successful research-oriented retail real estate professionals? Please check out the rest of the Lessons Learned series for insights from a number of successful researchers, both domestic and global.

Q111: Real Estate Outlook 2010. What is your outlook for the economy and the commercial real estate market for 2010?

Q112: Market Timing. When will the economy and real estate markets bottom out? How will we know? What should we look for?

Q113: Cap Rates. What is your outlook for cap rates? How will they play out over the next several years and where will we be when things settle down? More Q&A....

Interested in affordable housing costs? See the results of an empirical study I co-authored that provides detailed cost breakdowns among various types of projects. Get the full report from the Affordable Housing link in PDF format.

Current Market & Cap Rate Outlook Poll

To get a handle on the economy and real estate outlook, we have added a new poll. Click on this link to take the poll and you will be routed to the answers when you finish: JRD Market & Cap Rate Outlook. Make sure you weigh in with your comments!

To scan the results click on the button to the top of the responses:

Here's where we are on current and future Cap Rates this month.

See my Site Guide to help you navigate my site. I am the web designer and webmaster so bear with me as I make additions and adjustments as the site evolves to serve the market.

Hover over the following map to view population change by state. Click on state for county detail and then return to nation by clicking Back to US Map to upper left of map.

This site is dedicated to my wife Bennie and to "my three sons" Jad, Jonathan and Robert who each, in their own way, contributed to it. I'd also like to recognize my parents Irene and Larry (going strong at 95) who guided me and always taught me to try to "do the right thing." I'd like to thank the late Dr. James A. Graaskamp who mentored me and Rebecca J. Griego who inspired me and helped us carry on our mission.

Curious about me? Take a look at the copy "Industry and Academia: The Combination for a Winning Team, A Discussion with James R. DeLisle," Retail Property Insights.

I have convered some of my recent presentations to annotated, article-formats and have posted them to my Presentations page. They include

• The Fall of our Discontent: Development Outlook 2012. This is a presentation I made to the Development II NAIOP Forum in Scottsdale AZ on October 18, 2011. This presentation incorporates the results of a survey of audience members.
  
  
• The Fall of our Discontent 2012: Management & Leasing Implications. This is a recent presentation I made to the Management & Leasing NAIOP Forum in Scottsdale AZ on October 18, 2011. This presentation includes a discussion of office and industrial market fundamentals excerpted from the book I am writing entitled Fundamentals of Real Estate: A Behavioral Perspective.

Snapshot on Census 2010

Disclaimer and Copyright

The materials, views and thoughts expressed on this website represent my personal work; they do not reflect those of the University of Washington or of any of its units. These materials are neither edited nor endorsed by the UW and, as such, should not be so attributed. The materials are designed for academic use and should not be relied on for commercial or business decisions. They are offered in an effort to help enhance the teaching, research and service dimensions of my academic profession and better serve students, colleagues and the broader community. The works of authorship presented in this website and associated materials, may not be reproduced, published, distributed, displayed, transmitted or incorporated in derivative works without proper attribution and approval. The author retains the copyright to these materials and may incorporate them in various publications and outlets in the future. The copyright and restrictions on reproduction of reprinted articles and other materials published by third parties remains in force.