Capital Markets and Finance
Whether or not investment in sustainable buildings is currently profitable, green fund managers argue that it is best to begin making changes now.
Commercial and multifamily mortgage originators anticipate 2022 will be another strong year of borrowing and lending, according to the Mortgage Bankers Association’s 2022 Commercial Real Estate Finance Outlook Survey. Every commercial/multifamily firm polled expects originations to increase in 2022, with almost two-thirds (63 percent) expecting an overall increase of 5 percent or more across the entire market.
Dealmakers and capital providers seemed thrilled with the overall state of the U.S. commercial real estate industry at the ULI/McCoy Symposium on Real Estate Finance, an invitation-only discussion held in early December 2021 in New York City.
Hong Kong, Singapore, and Japan are expected to recover swiftly from pandemic shocks over the next three years, according to ULI Real Estate Economic Forecast for the Asia Pacific region covering 2021 to 2023.
The growing glut of undeployed capital is expected to provide a lifeline to the strong revival of the Asia Pacific region’s real estate markets, according to the Emerging Trends in Real Estate ® Asia Pacific 2022report, with Tokyo overtaking Singapore as the top-ranked investment prospect.
Emerging Trends in Real Estate ® Europe 2022, the 19th annual survey by ULI and PwC of European real estate sector leaders’ expectations for the year ahead, finds a significant leap in confidence going into next year. The longer-term outlook is characterized by uncertainty, with many still coming to terms with the radical changes to the business of real estate brought about or accelerated by COVID-19.
Real estate economists predict continued improvement in the U.S. economy and property markets over the next three years, according to the fall 2021 ULI Real Estate Economic Forecast. While the forecast is generally positive, contributing economists downgraded economic growth and predicted significantly higher inflation during the forecast period (2021–2023) compared with the spring forecast.
Are secondary markets stealing the lunch—tenants and investor capital—of gateway cities? Not so fast. One key takeaway from the panel discussion “Markets Shift: Are the Lines Blurring between Traditional Gateway Markets and Secondary Cities?” is that the death of the gateway market has been highly exaggerated.
Over the last 18 months, COVID-19 has affected Asia Pacific real estate markets in profound but often quite different ways. For offices, rents in some markets have taken a significant hit, but asset values remain generally resilient as banks continue to extend credit and investors resort increasingly to traditionally safe-haven asset classes. While office sector fundamentals have remained relatively stable, under the surface the pandemic is acting as catalyst for profound change.
The Asia Pacific region’s key real estate markets are likely to witness a sustainable and resilient recovery in the next three years, bouncing back from recent weakness triggered by the spread of COVID-19, according to the inaugural ULI Real Estate Economic Forecast report for the region.
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