The year 2023 was an especially tough one for real estate. Declines in asset valuations, which had begun in the second half of 2022 in many markets, proliferated across a broader range of markets through the rest of 2023. Transaction volume also continued to fall through the year, with dealmaking often paralyzed by the standoff between potential buyers and sellers on pricing.
Investors will be hoping for a better 2024, where we find a floor in pricing that will return the market to more-normal levels of activity. When and how that happens remain to be seen. It may be through increased distress forcing sellers onto the market. Or we might eventually see interest rates start to fall, returning confidence to potential buyers. Whatever the details of exactly when and how we reach that point, the sudden market movements we’ve seen over the last 12 to 18 months have shifted the playing field. Investors are reassessing their real-estate allocations and strategies to mitigate significant risks but also exploit opportunities posed by this market dislocation.
Read the Full Article Read MoreClimate risk has rapidly emerged as a critical consideration for real estate investors, owners and occupiers.
Managing climate risk starts with pinpointing climate-related hazards, reporting these risks, and finally embedding climate risk management into your organizational processes.
This guide is a companion to help you better identify and mitigate physical climate risks. It may seem like a big task, but we help outline simple steps.
Download the Report Read MoreIn our 33rd edition of Main Streets Across the World, we explore the near-term outlook for the retail sector and headline rents and ranking changes for the best-in-class urban locations across the world. In addition, we will share key indicators and trends to watch, including the cost-of-living crunch and changes in e-commerce.
As the world continues to emerge from the impacts of the global pandemic, prime retail destinations have continued their rebound, recording mostly positive rental growth over the past year.
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Globally, inflation appears to be stabilising, and interest rates have possibly reached their peak, suggesting a potential soft landing for the global economy. However, several risks persist, including geopolitical tensions, economic downturns due to tighter credit conditions, and the possibility of a resurgence in inflation triggered by unexpected spikes in oil prices.
Our latest paper explores the impact on the Singapore office, industrial, retail, private residential, hotels, and investment markets.
Download the Report Read MoreCBRE’s latest leasing market sentiment index reveals that regional leasing sentiment is improving amid a rise in enquiries:
This report was originally published in https://www.cbre.com.sg/insights/asia-pacific-insights/apac-leasing-market-sentiment-index
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