Relatively high interest rates and structural problems within offices will weigh on the commercial real estate recovery over the next three years. Indeed, we forecast the upturn will be weaker than in any previous cycle across global markets. And with retail and office in relative decline, any improvement will rely on a strong rental contribution from industrial and alternative assets, including residential.
Note: Andrew Burrell will be answering questions and highlighting key issues around the size and scale of the recovery in commercial property in a Drop-In on Tuesday, 12th March. Register here for the 20-minute online briefing.
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