Commercial Real Estate - Articles & White Papers

Risk-free rates and the cost of capital lifted sharply in 2023, pressuring commercial property pricing and transactions across most markets. However, selective opportunities are now emerging in private markets, including in the logistics sector.

What should be considered gateway markets and core property types today? The investing universe and real estate markets have evolved dramatically over the last few decades. See the list of markets that now rank highly as gateways and which once-niche sectors could be labeled core property types under our proposed definitions…

We believe 2024 will be a year of lifting fog for commercial real estate. While that will be a welcome development from the obscurity of 2023, fog can lift to reveal the challenges on the road ahead. This is especially true when considering the potentially new-normal pricing regime. Still, we think the clarity offered by the…

Macro Pulse offers holistic global economic, geopolitical, and asset allocation views. We believe the next 3 months mark a major inflection point for global asset allocation. Will U.S. growth slow, allowing rates to decline and global growth to converge? Or will it re-firm, increasing the likelihood of a more pronounced…

Alternative credit investments often have features that make them a valuable addition to a portfolio. The bespoke nature of these transactions highlights idiosyncratic risk, making these investments less sensitive to broader macro risks. Their illiquidity can be an advantage because it can make them less prone to panic…

Key investment themes for a late-cycle environment.

Heightened macroeconomic volatility spurred by high inflation and elevated geopolitical risks saw risk-free rates and the cost of capital lift sharply in 2023, pressuring commercial property pricing and transactions across most markets.

In discussions since the release of our 2024 Outlook in Nov-23, many questioned our projected rebound for the European private real estate markets. This report presents supporting analyses to confirm that we remain comfortable with our outlook.

In this quarterly outlook, we cover the opportunities in the alternatives space, focusing on the four areas of private credit, private equity, real assets and commodities.

Despite elevated valuations, we see compelling long-term investment opportunities across Indian equities.

As the holiday travel season draws to a close, a simple question that can trigger even the most patient of parents everywhere resonates as well with property investors across the country—“Are we there yet?”

Prices for a range of commodities are at or below levels before Russia's invasion of Ukraine in 2022 despite geopolitical tensions.

Historically wide CRE spreads present an attractive entry point for investors. Significant premium offered by CRE debt compared to corporate bonds. Anticipated interest rate cuts could tighten spreads and boost investment values. Lower rates and expected rental growth will drive positive credit migration. Now is a compelling…

Commercial real estate fundamentals look healthy outside of the office sector, while sentiment has been improving.

Retail is arguably one of the most repriced sectors since 2019. Years of negative sentiment drove down values, creating attractive entry points for new investors. Nuveen sees several strategic investment themes and retail property attributes aligning which could make for an attractive entry point in the coming years.

What’s amazing about the mess of the office sector of commercial real estate (CRE) is just how far and wide these mega-losses – by some estimates, they may ultimately amount to $1 trillion, or whatever – are spread in diced and sliced form globally. Which is a good thing for U.S. banks.

Real estate investment trusts (“REITs”) are a type of investment vehicle that enables investors to gain exposure to commercial real estate via public markets. This primer defines what a REIT is, explains the different REIT property types, discusses the characteristics of the REIT market, and reviews REIT’s historical risk…

Franklin Templeton Fixed Income believes growth projections for the U.S. will continue to improve as a “soft landing” becomes the most likely outcome, while other economies may face harsher conditions.

Allocating toward alts could be a powerful tool for investors seeking to both capture opportunities and mitigate downside risk, no matter what the future holds.

Absolute or intensity-based metrics? Which best tracks progress to decarbonization in real estate portfolios? Each has its advantages and limitations. See which metric MetLife Investment Management prefers in our latest outlook.