This week I attended our annual ULI Chapter meeting here, where Anita Kramer of ULI’s Washington headquarters presented ULI’s “Emerging Trends in Real estate 2018,” a real estate lookahead produced jointly with PWC. They interview several thousand in the industry, gathering thoughts and opinions combined with data from the field. A few summary takeaways:
- The “What inning are we in?” question keeps coming up, as if to say cycles have to end after a preset time has elapsed. Right now, the general feeling is that the market is steady as we go. Steady.
- This is a long cycle, not in boom/bust. One key to success in the next few years will be to expand horizons, market by market, property type by property type, over time.
- Current expansion is slow by comparison, but seems to be more sustainable–74 months, thus far.
- Most people interviewed felt all property types are on the upswing. 62% of respondents say business will be good next year and about 19% responded “excellent.”
This is just a start to the solid information we were given. More information to come on real estate facility trends, how generations are affecting the market, and more…
The post Navigating at Altitude appeared first on Stewart Perry.
No comments:
Post a Comment