Norm Miller

Norm Miller
Phone: (619) 260-7939
Office: Avila C110

Hahn Chair of Real Estate Finance

  • PhD, The Ohio State University, Real Estate and Finance
  • MS, The Ohio State University, Finance
  • BS, The Ohio State University, Real Estate and Urban Analysis

Norm is the Hahn Chair of Real Estate Finance at the University of San Diego (USD) and affiliated with USD’s Burnham-Moores Center for Real Estate. He works with the FDIC, DOJ, and Collateral Analytics developing real estate analytic products and tools to support financial institutions, institutional and investors.  He was Vice President of Analytics for the CoStar Group, a leading commercial real estate data and market analysis company. Prior to joining USD, he was Academic Director and the founder of the real estate program at the University of Cincinnati. He received his Ph.D. from the Ohio State University.

Norm has published numerous academic articles, books and articles in trade market publications on housing, brokerage, mortgage risk, valuation, sustainable real estate and many other topics. His most recent book “Commercial Real Estate Analysis and Investment” with David Geltner at MIT, is in its third edition and is the world’s leading graduate level real estate textbook. He has lectured around the world from France to Singapore, Thailand, New Zealand and Russia. He has worked extensively with various trade associations and became one of the first “Distinguished Fellows” of the National Association of Industrial and Office Properties (NAIOP).  He is currently a Homer Hoyt Land Use Institute Faculty and Board member.

Areas of Expertise

Real estate, valuation, automated valuation models, data mining, real estate market forecasting, sustainability, mortgage risk analysis, sustainable business strategies, public policy issues, real estate financial market outlook, commercial and residential real estate trends, office space and workplace trends


  • NAIOP Distinguished Fellow, 2001-2013
  • NAIOP Impact Award, 2004
  • Ratcliff Award, ARES, 2013
  • University Professor, 2013
  • James A. Graaskamp Award, ARES, 2015

Selected Publications

  • Geltner, D., Miller, N., Clayton, J., Eichholtz, P. (2014) Commercial Real Estate Analysis and Investment Volume 3, Cengage Learning(3).
  • Miller, N. (2014) Workplace Trends in Office Space: Implications for Future Office Demand, The Journal of Corporate Real Estate, 16(3), 159-181.
  • Li, L., Miller, N. (2016) Fat Tails, Skewed Losses, and Potential Risk Mitigation: Evidence from the Residential Mortgage Market, Journal of Real Estate Portfolio Management, 22(1), 91-101.
  • Kok, N., Miller, N., Morris, P. (2012) The Economics of Green Retrofits, Journal of Sustainable Real Estate, 4(1), 4-22.
  • Miller, N., Pogue, D., Gough, Q., Davis, S. (2009) Green Buildings and Productivity, Journal of Sustainable Real Estate, 1(1), 65-89.

Conferences and Presentations

ERES (European Real Estate Society)

MIPIM (Marché International des Professionnels d’Immobilier)

ARES (American Real Estate Society)

AREUEA (American Real Estate and Urban Economics Association)

Homer Hoyt


Appraisal Institute