It is late in the cycle and investors are getting antsy aboutwhere to place their money. The appetite for risk is lessening andeven in some cases changing the perception of certain investments.In short, there has been a shift toward greater caution, accordingto CBRE's 2019 Americas Investor Intentions Survey, with the shareof investors planning to either maintain or increase spending in2019 falling to 75% (from 88% in 2018).
What is a still-active investor to do?
The answer, CBRE says, is to look for properties in secondarymarkets and alternative asset types.
“Pricing is at or near the previous peak for most asset types inprime locations, so investors are seeking yield in secondarymar-kets and alternative asset types,” said Chris Ludeman, globalpresident of capital markets for CBRE.
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