The meltdown in CRE that’s dominating headlines is a story centred on the office sector. But is this a US or global story and, 18 months into the most aggressive tightening cycle in a generation, is there worse to come or is recovery on the horizon?
Property economists from across our US, UK and Europe teams compared how the different regions and markets stack up to highlight similarities and differences in their outlook. Led by Chief Property Economist Andrew Burrell, the team answered client questions as they addressed key issues, including:
- Why the outlook for offices is so poor relative to the other sectors;
- How bad it will get for office landlords;
- Whether the prospects for offices in the US are really that much worse than in the UK and mainland Europe.
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