Highlights:
Last year in our annual Expectations & Market Realities in Real Estate 2016 report, Navigating Through The Crosscurrents, we predicted:
• Economic growth at a slow, but steady, pace.
• Employment growth, low gas prices, and increased consumer spending
would lead the Federal Reserve to raise the federal funds rate.
• Major geopolitical events would rattle the investment environment.
• Commercial real estate would remain on solid footing.
As 2016 came to a close, these predictions proved accurate. Although commercial real estate transactions and returns were lower than the historically high levels set in 2015, growth remained strong, with YOY returns of 9.22 percent as of third quarter 2016, according to the National Council of Real Estate Investment Fiduciaries Property Index (NPI), and rents were stable or increased across all property types. Using this as a backdrop to our 2017 report, let us dive into what lies ahead over the coming year.
To read the full report click here.