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Q2 2019 Global Commercial Real Estate Outlook

Top Whitepapers on the Outlook for Commercial Property

Global trade negotiations, economic sentiment, demographic shifts such as aging populations and urbanization, lending standards, and proptech advancements are just a few of the forces that influence the global commercial real estate market, and the presence of each of these will likely be felt at some point in Q2 of this year. 

The below list of papers attempts to take all of the above forces into account, providing insight into the outlook for global commercial real estate markets for this quarter and beyond.

CRE outlook

2019 Emerging Real Estate Trends (MSCI blog, Feb 2019)

MSCI looks at five trends that are present in real estate markets in 2019, including cyclicality, increased transparency, disruptive technology, and geopolitical risk.

Mastering the Real Estate Cycle (Aviva Investors blog, Mar 2019)

For compliance reasons, this paper is only accessible in certain geographies

Aviva Investors presents a tool for examining the cyclicality of the real estate cycle and pinpointing a particular market's positioning within that cycle.

U.S. Real Estate Summary (UBS AM, Mar 2019)

UBS Asset Management examines the performance of U.S. real estate in 2018, including a purview into the underlying dynamics of offices, apartments, shopping malls, and industrial real estate.

UK Property: Investment and the Brexit transition (Colliers Intl, Mar 2019)

Brexit uncertainty may be weighing on the sentiment of investors in UK property, which many consider to be in the later stages of a bull market. Despite these two forces, Colliers International takes a step back and looks at the underlying fundamentals of real estate in the UK.

Upcoming Urbanites: Urbanization drives major economic shifts (Nuveen, Apr 2019)

Nuveen describes alternative investment opportunities in agriculture, infrastructure, impact investing, and real estate that have arisen as a result of mass urbanization.

U.S. commercial real estate: Q4 2018 review and outlook (Manulife AM)

For compliance reasons, this paper is only accessible in the EMEA region

Manulife Asset Management reviews U.S. real estate market activity during Q4 of 2018, including details about trends and economic factors affecting the multifamily, office, and industrial real estate sectors.

Emerging Trends in Real Estate: Asia Pacific 2019 (PwC/ULI)

This report (co-authored by PwC and the Urban Land Institute) provides a helpful outlook on the Asia Pacific real estate market - key investment and development trends, capital markets, and other market-related issues throughout the region.

Webinar 11 Apr: EM Listed Real Estate - trends and changes (FTSE Russell)

Experts from FTSE Russell and EPRA (European Public Real Estate Association) discuss the performance of emerging listed real estate, plus other issues such as the reclassification of real estate and EM indices.

Listed alternatives versus the 'real thing' (LGIM blog, Mar 2019)

For compliance reasons, this paper is NOT accessible in the United States and Canada

Direct exposures to real assets create problems for investors when it comes time to examine short-term return profiles, volatility, and liquidity concerns. How can investors manage these issues for direct investments in real assets versus investments in liquid alternatives?

Expectations and Market Realities in Real Estate: Uncharted Territory (Deloitte, 2019)

This Deloitte report states that we are now at a unique time in the current real estate cycle. The asset class has historically been known for its cycles, which have included some big highs and some low lows. However, the norms of the past regarding pace and cadence are foundationally different. This raises two important questions: what does this mean and what can investors expect?

Opportunities in U.S. and Europe commercial real estate late in the cycle (Principal, Apr 2019)

This paper by Principal Global Investors discusses potential opportunities in commercial real estate in U.S. and Europe in the mid- to long-term given the current market environment and outlook.

Emerging Trends in Real Estate: Global Outlook (PwC, 2019)

In 2019, investors in global real estate markets are faced with changing consumer demands, proptech advancements, and a host of economic and geopolitical concerns.

Going Global: Widening the real estate opportunity set (Aon Hewitt, 2018)

Aon Hewitt explores the benefits that accrue to investors upon choosing to diversify their real estate holdings by allocating to listed or non-listed global real estate.

Private Assets: The Tradeoff Between Liquidity and Performance (PGIM Institutional Advisory & Solutions, 2019)

Investors wishing to increase allocations to private assets should first ascertain not only their tolerance for illiquidity risk, but a quantifiable measurement of the tradeoff between liquidity and performance, thereby paving the way for a determination of their optimal mix of public and private assets.

Building a Real Asset Portfolio (Mercer, 2019)

Mercer explains how to build a real assets portfolio. The authors focus upon real estate, infrastructure, and natural resources as a broad representation of real assets.

PropTech 3.0: the future of real estate (University of Oxford SBS, 2019)

Which firms will survive the coming PropTech revolution, and what will be the resulting changes in the way that global real estate is traded, used, and operated?