Four years into the growth phase of the cycle, demand is still catching up to supply. While growth has been robust in the multifamily segment, much less new supply has come online in other segments. At the same time, real estate funds are holding an unprecedented amount of “dry powder”, REIT capital-raising and IPO activity continue to be strong, and there is significant interest in the sector from a variety of investors.
The result is that there is more money chasing fewer deals, pricing many investors out of traditional markets. As a result, some investors are choosing to go off the beaten path to find opportunities. In this report, the 100 senior commercial real estate executives we interviewed provide their insights on where they see opportunities for growth in the year ahead.
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The slow economic growth holding down interest rates and restraining new development offers a sweet spot to real estate investors willing to venture outside their comfort zones.
Greg Williams, National Sector Leader, Building, Construction & Real Estate
Select highlights and survey results from the report.
Types of assets in the market to acquire/invest in over the next 12 months
Q: Which of the following types of assets will you be in the market to acquire/invest in over the next 12 months? (Please select up to two types)
Development expected to commence within various U.S. sectors
2014 – Q: How much development will commence in the United States in 2015 in each of the following sectors?
2013 – Q: How much new development do you expect to commence in the United States, in 2014 in each of the following sectors?
Best real estate investment opportunities in the United States
2014 – Q: Where are the best real estate investment opportunities in the United States?