Survey Forecasts Favorable Real Estate Conditions for Next 3 Years

The commercial real estate market is set to enjoy mostly favorable conditions through 2017, according to the latest three-year consensus forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate.

While the latest semi-annual outlook is slightly less bullish compared with six months ago, the majority of indicators in the forecast signal favorable economic conditions and capital markets in the United States.

News

Real Estate Outlook Unfazed by Fed Inaction, Observers Say

The Federal Reserve’s decision at its Sept. 17 meeting to keep interest rates unchanged has done little to alter the favorable long-term outlook for the United States’ commercial real estate sector, according to market observers.

Steve Rado, a principal at EY and leader of the firm’s U.S. real estate mergers and acquisitions (M&A) advisory practice, said most long-term real estate investors will continue to favor the asset class.

News

Confidence Still High in Australian Real Estate

The Property Council of Australia (PCA) is the leading advocate for Australia’s $ 600 billion property industry. Its membership includes counts the bulk of the nation’s major investors, property owners and developers along with the industry’s professional service and trade providers.

PCA Chief Executive Ken Morrison joined the organization in 2014 after a stint as the chief executive of the Tourism & Transport Forum. Prior to that, he held multiple positions with the PCA, including chief operating officer.

News