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Real Estate Investors Believe Times Are Good and Likely to Remain That Way

NEW YORK CITY-Investors have different approaches on how to prosper. Some will stick with class A properties; others will shift their focus from suburban office space to apartment buildings.

By John Howe | Updated on December 14, 2000

NEW YORK CITY-There may be talk of an economic slowdown or even a recession, but the thinking among most real estate investors is that times are good and will likely stay that way. That is the conclusion of the Fourth Quarter Korpacz Real Estate Investor Survey carried out by PricewaterhouseCoopers. Rents may not be escalating like they have been, one respondent noted, but the returns are still good.

Although they are generally optimistic, investors have different strategies on where to put their money in the months ahead. Some will continue to acquire class A buildings in the top markets, while others will shift from investing in suburban office space to apartment buildings, the survey reports.

The boost in stock prices of REITs is expected to make them more active in the market next year, especially firms involved with office and industrial properties. Some REITs are even considering buying and developing buildings overseas despite the risks such ventures pose.

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