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    Dr. Victor Calanog

    Expert on commercial real estate market and submarket forecasting; property level analytics researcher; prolific writer, speaker and presenter on economic trends and emerging issues

    Victor Calanog is Head of Commercial Real Estate Economics for Moody's Analytics REIS. Prior to the acquisition by Moody's Analytics in October 2018, he served as Chief Economist & Senior Vice President of REIS, leading a team of economists and analytics to build, maintain, and customize the firm's market forecasting, valuation, and real estate portfolio analytics services. 

    Dr Calanog's research has received awards and fellowship support from several institutions, including the Ford Foundation, the Russell Sage Foundation and the Penn Lauder Center for International Business Research. 

    A prodigious researcher with broad interests, his papers in real estate economics, local government competition, and urban fiscal policy have been presented in meetings of the American Economic Association, the American Finance Association, the Brookings Institution, and discussed in academic forums sponsored by Harvard Business School, Columbia University, Stanford University, the Wharton School of the University of Pennsylvania, and the Stern School of Business at New York University.

    University of Pennsylvania, The Wharton School: PhD, Applied Economics and Management Science
    University of Pennsylvania, The Wharton School: MA, Public Policy
    University of Pennsylvania, The Wharton School: MBA, Finance, Multinational Management and Entrepreneurship
    Ateneo de Manila University: BSc, Management (Honors Program)
    Honors & Awards
    • Robert & Anita Summers Award for International Economics
    • Penn Lauder Center for International Business Research Grant
    • Amy Morse Prize for Distinguished Scholarship (MBA Program)
    • Henry Morgenthau Fellowship for Public Policy
    • Thomas P. Gerrity Leadership Award for Academic & Co-Curricular Excellence (MBA Program)

    Economic Forecasts: Moody's Analytics provides trusted macro and regional forecasts to help clients assess potential economic outcomes.

    Economic Research: Moody's Analytics provides comprehensive economic analysis to help clients understand key economic drivers across all geographic levels.

    Economic Data: Moody's Analytics provides comprehensive economic, demographic, and financial data at the global and regional levels.


    Econometric Modeling: Fully transparent econometric and statistical models to assess performance of geographies, financials and various asset classes.

    Economic Forecasts: Forecasts potential economic outcomes on the performance of businesses and investments.

    Scenario Generation: Mathematical model simulating possible paths of economic and financial market variables.

    Representative Projects

    Dr. Calanog's presentations on the economy and the future of real estate are highly sought after by key clients, industry forums, and national press.

    Published Work