The standing benchmark for project feasibility.

The MMCG Index is a proprietary read on commercial real estate feasibility conditions, built from the firm's active engagement database across the SBA 7(a), SBA 504, USDA, and conventional lending programs. Most market indicators describe where pricing or rents have already moved. The MMCG Index is constructed to measure something earlier in the chain: whether the projects reaching lenders' and investors' desks are penciling, and under what assumptions.

What the Index measures

Each reading synthesizes the inputs that determine whether a project clears feasibility: projected stabilized revenue against local demand, construction and operating cost trajectories, the spread between assumed and required debt service coverage, and the gap between sponsor expectations and supportable value. Aggregated across asset classes and geographies, these inputs produce a single directional signal on the health of new project formation.

How it is constructed

The Index draws on MMCG database benchmarks compiled across more than thirty asset classes and a national footprint of feasibility engagements. Inputs are normalized, weighted by program and asset type, and tracked period over period, so movement in the Index reflects genuine shifts in project viability rather than changes in the mix of deals reviewed. The methodology is consistent with the analytical standards applied in every feasibility study the firm delivers to lenders and investors.

Coverage

The Index spans the asset classes that define the firm's practice, among them hospitality, multifamily, self-storage, industrial, retail, senior housing, and specialty operating properties, mapped against the SBA, USDA, and conventional capital programs that finance them. Readings are designed to be cut by asset class, by program, and by region.

How lenders and investors use it

For lenders, the Index offers an early indication of where feasibility is tightening or loosening before it surfaces in approval and default data. For investors and sponsors, it provides an independent reference point on whether current assumptions are supportable in a given market. In both cases it is intended as a complement to, not a substitute for, the project-specific analysis a full feasibility study provides.

Publication

The MMCG Index is published on a regular cadence. The current reading and supporting commentary are released here as each measurement cycle is finalized.