Hans Nordby, managing director with Property and Portfolio Research, spoke with REIT.com at NAREIT’s headquarters about his current thoughts on the REIT market and what his expectations are heading into 2013. Property and Portfolio Research (PPR) provides unparalleled expertise and objective thinking in analyzing and forecasting commercial real estate markets. PPR offers independent research, a unique set of analytic tools, and actionable insights to investors on hundreds of global markets in North America and Europe. PPR is wholly owned by CoStar Group.
Nordby said the recovery in the housing market that begun in 2012 was one of the year’s most significant developments. And while he said it is unlikely to approach 2003 to 2005 levels, it is going to be a source of some economic growth and will no longer be an “anchor” to broader economic recovery.
Also for commercial real estate, 2012 may likely be remembered as the peak year for apartment rent growth, Nordby said.
Read more...Liquidity Still Attracting Institutions to REITs
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