Describing growth projections in U.S. real estate markets as 'sustainable' and 'solid, a survey of 46 leading real estate economists and industry analysts said they expect the current economic expansion to continue at healthy and steady levels over the next three years, boosted by a strong investor interest in real estate, above-average rent growth across all commercial property types and lower vacancy rates.
The optimistic outlook was presented in the latest installment of the semi-annual ULI Real Estate Consensus Forecast. Based on the median of the forecasts from the 46 participating economists/analysts, most economic and real estate indicators are forecasted to perform better than their long-term historical average, with the exception of equity REIT returns, retail and apartment total returns, retail vacancy rates and single-family housing starts.
Read more...Latest ULI Consensus Forecast Sees Stage Set for Sustainable Growth into 2017 - CoStar Group
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