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WASHINGTON, DC—Real estate still appeals to investors even as economic uncertainty looms and changes in demographics, infrastructure, technology and consumer behavior are triggering flexibility in development, space design and business operations, according to a new report, "Emerging Trends in Real Estate 2020," undertaken jointly by PwC and the Urban Land Institute.
"Even though we are late in the expansion cycle, volatility in global financial markets, coupled with geopolitical instability continues to drive investors to US real estate," Mitch Roschelle, a PwC partner, said in prepared remarks. "The asset class remains desirable as investors seek cash flows from tangible investments."
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