It will get worse before it gets better. But ULI’s latest forecast sees an improvement over the next couple of years.
As concerns about a recession grow and headwinds for some CRE investors turn into downturns, the Urban Land Institute’s latest semi-annual Real Estate Economic Forecast provides a longer-term view than most such forecasts. And despite high inflation, much of the forecast is positive—though there’s more pain in the meantime.
For example, ULI’s analysis predicts that GDP growth and CRE transaction volume, both currently under their long-term averages, will be exceeding those averages by 2025...
For example, ULI’s analysis predicts that GDP growth and CRE transaction volume, both currently under their long-term averages, will be exceeding those averages by 2025...
RSK: LIke anything, it takes time to settle down all the forces of change. Eventually all the factors involved in cre will come together. Rates are up but then asking prices may drop some until it all settles down. This crystal ball sees a return to a new normal in a few years.
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- - Volume: 11 - WEEK: 22 Date: 5/30/2023 8:39:42 PM -