Jon Southard

Vice President, Program Area Director

Jon serves as the Vice President and Program Area Director for the Commercial Real Estate Economics group at NORC at the University of Chicago. He functions as Chief Economist for the group of forecasters providing strategic information to the commercial real estate industry.

Previously, Jon was a founding employee at Torto Wheaton Research, aka CBRE Econometric Advisors, where over more than 20 years, he forecasted markets in the Office, Industrial, Retail, Multi-housing, and Hotel sectors.  He also spent time as Director of Debt and was instrumental in developing and directing Commercial Mortgage Metrics, a product developed in partnership with Moody’s Investor Services to analyze risk in commercial mortgage portfolios.  Prior to joining NORC, Jon served as Chief Economist and Managing Director for Torto Wheaton Research. 

Jon has authored numerous articles for academic journals and books, and has been quoted widely in the press, including the Wall Street Journal and New York Times.  Jon has been a featured speaker at real estate and economic conferences including the Urban Land Institute, Mortgage Bankers Association, American Council of Life Insurance, and Commercial Mortgage-backed Securities Association as well as conferences sponsored by the Federal Reserve and the International Monetary Fund.

Jon is an active member of the Urban Land Institute (ULI), the Pension Real Estate Association (PREA), and the National Council of Real Estate Investment Fiduciaries (NCREIF).  He is a previous Treasurer of the Real Estate Research Institute (RERI) and a Hoyt Fellow at the Homer Hoyt Institute.


News BisNow: NORC's Chief Economist of ForeGround, Jon Southard, discusses the US Federal Reserve's decision to postpone the short-term rate hike More
Posted: 9.26.2016 3:31PM
Sparks: The NORC Blog Jon Southard: Brexit Saves U.S. Commercial Real Estate Markets…For Now More
Posted: 8.11.2016 11:57AM
Press Release NORC at the University of Chicago Announces ForeGround, a Forecasting Service for the Commercial Real Estate Sector More
Posted: 6.7.2016 11:24AM
Sparks: The NORC Blog Jon Southard: Low Unemployment and Cap Rates in Commercial Real Estate: A Cloud for Every Silver Lining More
Posted: 6.26.2015 11:06AM