Investors are more optimistic in U.S. commercial real estate, citing 2014 as the year the market "recovers from the recovery," with space market fundamentals and not capital driving the market, according to a new report.
The new Emerging Trends in Real Estate 2014 report, co-published by the PricewaterhouseCooopers US and the Urban Land Institute found investors are bypassing core markets and entering secondary markets in search of higher yields.
"Core was king three years ago," Dean Schwanke, senior vice president, ULI, said at an event this week hosted in Miami by ULI Southeast Florida/Caribbean. "Now the strategy preferred is to create value, not just buy properties."
Read more...Investors 'Optimistic' About U.S. Real Estate Markets - WORLD PROPERTY CHANNEL Global News Center
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