Global Capital…An Alternative Thought

International investors have long been dominating the headlines with regards to the UK real estate investment market, and my recent travels have done nothing but re-affirm the continued level of appetite for UK assets. Global equity remains resolute, with an estimated £37 billion targeting Central London offices, and there is no shortage of new capital

Here We Go Again?

If there is one assumption most property experts agree on, it is that we are approaching the end of another cycle. This has historically seen a surge of commercial property lending by the clearing banks and a relaxation of loan covenants. While there is evidence that across the market generally debt levels are on the

Extended Cycle? Extended Slow Growth

Last time the U.S. unemployment rate fell below 4% was 2000. At the time, annual growth of office rents had exceeded 5% for five consecutive years, arriving at a high mark of 11%. Construction had burgeoned in a robust economy until, as we know, the music stopped. We have discussed the key role central banks’

Bought in the USA

Rising interest rates, escalating trade tensions, the longest streak of monthly employment gains on record—these are just a few examples of new factors affecting the U.S. investment climate since last summer. So, how did cross-border investment in U.S. commercial real estate (CRE) during the first half of 2018 compare to the same period in 2017?

Multifamily in a Nutshell

All the Q2 multifamily market facts and stats are in our newly-released U.S. Multifamily Figures report, but here

Smart Cities: Smart Real Estate Strategies

With real estate prices at cyclical highs, investors must look to the long term for outperformance. Understanding the evolution of global cities provides the best framework for alpha-generating real estate strategies in the current economic climate. We have discussed the opportunities created by smart technology such as blockchain before, but it is worth discussing the

The Wall of Equity ‘WACCs’ Cap Rates

Higher Interest Rates + Late Cycle = Lower Cap Rates. Huh? For the 22+ years I’ve been in this business, investors have relied on the relationship between cap rates and interest rates. But perhaps it’s time for us to stop relying on conventional wisdom. The general rule of thumb has been to look at cap

Keener to be Greener

In 2018, for the first time in the four-year history of CBRE’s Investor Intentions Survey, more investors said sustainability is an important criteria in asset selection than unimportant. This reflects a gradual trend of increasing investor interest in sustainability. Investors based in CBRE’s EMEA (Europe, Middle East & Africa) region lead the way in factoring sustainability

Where will Aging Baby Boomers Retire To?

Over the next decade, the seniors housing industry is well-positioned for investment opportunity and, more broadly, for increased significance within the commercial real estate industry. Rising demand, growing inventory and evolving product mix will create attractive opportunities and investment returns for owners, buyers and operators of seniors housing product. Continuing care retirement communities (CCRCs), also

Healthcare Well Positioned to Hedge Against Downturns

Employment growth is one of the key indicators of the economic cycle in the U.S. It drops off just ahead of a recession, falls to negative in the trough and bounces back in recovery. Most industries follow this pattern, except for one – healthcare. U.S. healthcare employment has grown continuously since 1990. From 7% of