- Multifamily Is King.On a sector-by-sectorbasis, the most active real estate market segment according toAkerman data this year is multifamily, 63% of respondents say. Thismarks a significant reversal from 2017 when 43% of commercial realestate leaders predicted single-family homebuilding would outpacemultifamily development.
- It's All About Taxes and Technology.Akermanfindings show report participants split almost equally behind twomajor elements they say will define the trajectory of U.S.commercial real estate for the next three years. Forty-eightpercent of them ranked the advent of technology among the two mostcritical trends for the sector, along with the most extensiverewrite of the US tax code in 30 years recently passed by Congress(42%).
- Strong Job Growth Signals Opportunities in RealEstate.Some two thirds of executives surveyed (66%) sayjob creation in 2018 will be either marginally (48%) orsignificantly (18%) higher than in 2017. And the balance (29%) sayit will be about the same as 2017. Far less (5%) see job creationin 2018 lower than in 2017.
- Bullish but Not Carefree.Forty-six percent ofAkerman respondents share concerns on the effects rising interestrates will have on the US economy, something many say could tempermarket momentum. Three in 10 executives (29%) also point to globaleconomic worries.
- Confident Foreign Capital Continues Chasing USCommercial Real Estate.Akerman data show foreign investorsare continuing their aggressive pursuit of U.S. assets, with surveyrespondents indicating overseas investment level at a record high,the vast majority of which will come from Europe, executives say.Real estate executives also say the greatest increase in LatinAmerican real estate investment in the US will come from Brazil andMexico.
- Private Equity, Banks Reign Among FinancingSources.When it comes to the top sources for real estateequity and debt, more than half of Akerman's survey participantscited private equity (57%) and banks (48%) as the leading vehiclesfor real estate funding. Institutional lenders and private equityfunds have maintained a leading role in real estate financing inthe last three years, Akerman data show.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
