At the Urban Land Institute's annual Emerging Trends conferenceIt is normal at this stage of the cycle to wonder about when it will end and how. Everyone from economist groups to industry experts have their educated opinions to offer. So little wonder this was a topic of conversation and debate at the Urban Land Institute's annual Emerging Trends conference recently held in Boston.
Andrew Warren, director of Real Estate Research for PWC, said during the conference that he doesn't see a sharp downturn ahead, but more of a plateau.
“We used to talk about the real estate cycle being in the late innings of a baseball game but this extended recovery is getting into unprecedented territory,” he said. “It's more like the 25th inning, which is the longest baseball game on record. And it's interesting to consider the Australian economy, which hasn't had a recession in over 20 years.”
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
