শনিবার, ৯ ফেব্রুয়ারী, ২০১৩

Commercial Real Estate Investors Eager to ?Turn the Page ...

CHICAGO, IL ? February 8, 2013 ? (RealEstateRama) ? Frustrated by continued uncertainty, a sluggish recovery, and a challenging investment environment, investors generally appear eager to put the past behind them and adjust to the new normal, as outlined in Expectations & Market Realities in Real Estate 2013?Turn the Page, a new annual report published jointly by Real Estate Research Corporation (RERC), Deloitte, and the National Association of REALTORS? (NAR). According to the report, investors appear to realize that this environment will likely be with us for the foreseeable future, and that adjustments may need to be made to maximize commercial real estate investment performance and yield in our continuing slow-growth economy.

The three organizations have drawn on their respective capabilities to examine the economy, capital markets, and commercial real estate property markets; to thoroughly assess and analyze existing research; and to offer an outlook for commercial real estate for 2013 and beyond. Findings indicate that the economy is expected to improve only modestly in 2013, with the budget deficit, tax increases, and cuts in government spending expected to continue the economic uncertainty.? In general, capital remains available for commercial property investments, but the discipline for capital has been inching upward and is becoming more selective. The report also carefully analyzes and offers an assessment of the office, industrial, apartment, retail, and hotel property sectors, as well as for commercial real estate as an asset class, for 2013.

?It is time to stop waiting for the economy and the investment environment to get better. This is it?this is the new normal?and we need to turn the page on the past and make the adjustments needed to be successful for the balance of this decade,? stated Kenneth Riggs, Jr., chairman and president of RERC. ?Investors are facing the challenges ahead, and commercial real estate continues to be an attractive investment for a variety of reasons in this economic climate.?

?Moderate positive and stabilizing trends in commercial real estate markets are expected to add value to institutional portfolios as we turn the page to the next chapter of the real estate cycle,? noted Matthew Kimmel, principal and U.S. real estate sector leader for Deloitte Financial Advisory Services LLP.? ?Overall the office, industrial, retail, apartment and hotel property sectors are expected to experience various elements of slow fundamental increase and growth.?

The group expects the commercial real estate recovery to continue throughout 2013. ?A pent-up demand for commercial property space has been developing with the nearly 5 million net new job creations in the past three years,? noted Lawrence Yun, Ph.D., NAR chief economist. ?That demand steadily reaching the market, combined with little new construction, will likely help lower vacancy rates and push up rents.?

Expectations & Market Realities in Real Estate 2013?Turn the Page can be obtained electronically at www.rerc.com or www.realtor.org/prodser.nsf/Research.

###

Real Estate Research Corporation (RERC): Under Ken Riggs? leadership, RERC provides real estate research, valuation management, consulting, independent fiduciary services, and web-based management information services for the commercial real estate industry. In addition to directing the firm?s business ventures, Riggs serves as publisher of the long-running quarterly RERC Real Estate Report and the annual forecast report, Expectations & Market Realities in Real Estate, now in its tenth year of publication. Visit www.rerc.com for more information.

Deloitte: Deloitte?s Real Estate group draws on the insights and experience of Deloitte?s four primary businesses ? consulting, audit, tax and financial advisory.? The group provides local, national and global real estate services to clients that include: REITs and property companies, real estate funds and investors, homebuilders, developers and land owners, engineering and construction companies and service providers.? For more information about Deloitte?s Real Estate group, please visit http://www.deloitte.com/view/en_US/us/Industries/Real-Estate/index.htm.?

As used in this document, ?Deloitte? means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

National Association of REALTORS? (NAR): The National Association of Realtors?, ?The Voice for Real Estate,? is America?s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

MEDIA Contacts:

Complimentary copies of the report are available to the media upon request.

RERC: Barb Bush, "> or 319-352-1500

Deloitte: Shelley Pfaendler, Deloitte Public Relations, "> or 212-492-4484 or Elizabeth Cheek, Hill & Knowlton, "> or 212-885-0682

NAR: Walter Molony, "> or 202-383-1177

?

?

Related posts:

  • Commercial/Multifamily Real Estate Markets Show the Turn of the Real Estate Cycle
    WASHINGTON, D.C. - July 6, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the first quarter of 2011. First quarter data on the commercial real estate markets show the natural effects of the turn of the real estate cycle. Broader economic indicators were positive in the first quarter, but...
  • Commercial Real Estate Conference to Offer Insider Perspectives on the Front-Page Topics Impacting Markets Today Development ?11: The Annual Meeting for Commercial Real Estate Coming to Scottsdale, Ariz., August 1, 2011
    HERNDON, VA - August 2, 2011 - (RealEstateRama) -- NAIOP, The Commercial Real Estate Development Association, is bringing its annual meeting to Scottsdale, Ariz., October 18-20. Development '11: The Annual Meeting for Commercial Real Estate brings together industry professionals from across North America to focus on the timely issues and trends influencing the transitioning commercial real estate market. Nearly 1,000...
  • Commercial Real Estate Vacancies Slowly Declining, Rents Rising
    WASHINGTON, DC - November 26, 2012 - (RealEstateRama) -- Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, according to the National Association of Realtors...
  • All Commercial Real Estate Sectors Continue to Improve, Multifamily Strong
    WASHINGTON, DC - May 24, 2012 - (RealEstateRama) -- Shaking off a prolonged impact from the recession, fundamentals are gradually improving in all of the major commercial real estate sectors, according to the National Association of Realtors? quarterly commercial real estate forecast. The apartment rental sector has fully recovered and is growing...
  • Commercial Real Estate Vacancy Rates Improving, Rents Firming
    Washington, DC - February 24, 2012 - (RealEstateRama) -- According to the National Association of Realtors? quarterly commercial real estate forecast, all of the major commercial real estate sectors are seeing improved fundamentals, but multifamily housing is becoming a landlord?s market commanding bigger rent increases. These trends also are confirmed in NAR?s recent quarterly Commercial Real Estate Market Survey....

Recent Posts

Popular Posts

?

Source: http://www.realestaterama.com/2013/02/08/commercial-real-estate-investors-eager-to-turn-the-page-according-to-new-outlook-report-ID018842.html

platypus platypus overboard east of eden weather radio indiana autoimmune disease

কোন মন্তব্য নেই:

একটি মন্তব্য পোস্ট করুন