Search
 

Real Estate Resets to Grind-it-Out Growth

LOS ANGELES-The commercial real estate house party of early 2011 is over, and the expected trudge back to reality will set in for 2012, according to researchers at PwC and ULI Wednesday.

By Robert Carr | Updated on October 28, 2011

LOS ANGELES-Commercial real estate professionals had an unexpected Happy Hour during the first half of the year, but most agree the second half is like waking up with the hangover, with cold reality setting in. And it gets worse — locally based PricewaterhouseCoopers and the Washington, DC-based Urban Land Institute confirmed Wednesday during a webcast that fundamentals, and thus demand, are not expected to get better in 2012.

If there’s a motto for next year, according to the partnership’s Emerging Trends in Real Estate 2012 Forecast, is that there’s a long grind ahead. According to hundreds of respondents to the annual survey sponsored by PwC and ULI, commercial experts still remain sold on walkable, 24-hour cities, though yields will stay small and anywhere else remains high risk. Almost any class of apartment property is also a good investment, as are technology sectors, but other markets are stable, at best, according to the executives.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.