Jeffrey  Havsy

Chief Economist / Managing Director

Professional Experience 

As CBRE’s Americas Chief Economist, Jeffrey provides the broader commercial real estate community with thought leadership on real estate trends, the macro-economy and economic events. He works with investors, occupiers and other users of commercial real estate to better understand real estate and capital markets in order to make better investment and leasing choices. He is also responsible for guiding the CBRE Econometric Advisors (CBRE EA) team. CBRE EA provides best-of-class research, data, analytical tools and forecasting services to its clients. With its staff of highly-qualified economists, CBRE EA assists clients in achieving maximum returns while managing risk in commercial real estate.

Before joining CBRE, Jeff served as the Director of Research at National Council of Real Estate Investment Fiduciaries. During his time there, he created and published a monthly thought piece to explain NCREIF data, analyze trends and educate membership on new topics, including for senior leadership a quarterly executive summary with additional data from NAREIT to summarize investment returns in the public and private markets. Jeff also worked as a Global Strategist with Property & Portfolio Analytics, leading the company’s global expansion effort by coordinating real estate market coverage across North America, Europe and Asia. As a Vice President at Equity Office Properties, he spearheaded long-term strategic research projects to support and advance the company’s $25 billion portfolio and future expansion.

Jeff currently serves as a board member of the Real Estate Research Institute (RERI). He has co-authored several research papers, including “The Case of Real Estate,” “Derivatives Markets: How Far Does Real Estate Have to Go,” and “The Use of Leverage by Institutional Investors: Pros, Cons and Implementation Considerations.” He is also a Homer Hoyt Fellow and he became a Counselor of Real Estate (CRE) in April 2016.

Jeff holds a masters in economics from University of Virginia and a B.A. in Economics from Lehigh University. ​​​​​