While the recession and ongoing recovery have presented opportunities for the industry, it is safe to say that many commercial real estate professionals would like to put this time period behind them and move on. But as much as one can wish for the good old days—and can perhaps justify their imminent return with recent performance of the macro economy—there is still much uncertainty and many challenges ahead according to the annual commercial real estate outlook report issued by the Real Estate Research Corp., Deloitte and the National Association of Realtors. This year’s report is appropriately titled Expectations & Market Realities in Real Estate 2013—Turn the Page.
One of the report’s major findings is that while many investors spent much of 2012 focused on traditional safe haven investments, new requirements for higher yields and a new wave of easing by banks has drawn some investors into riskier strategies. The good news is that the capital markets are willing to support such endeavors, and lending continues to expand.
Read more...The Course of Capital: Accepting the New Normal via Commercial Property Executive
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