Conditions continue to improve for US office real estate
Despite growing uncertainty about geopolitics, inflation, and interest rates, office total returns are expected to reach 6.3% this year. Rising capital growth will be a key driver of gains, but solid income return levels will continue to stabilize the growth path.
Download the report to learn:
- US macro economy outlook;
- Drivers of the office outlook;
- Occupier fundamentals;
- Capital market trends;
- Exposure to key global risks;
- City Quick Takes.
UK Construction prices and debt push up CRE costs
UK commercial real estate costs will increase more sharply than inflation this year, resulting in the widest margin since records began in 2013, according to our new CRE Cost Monitor. Our model suggests CRE costs will peak at 11.3% y/y in mid-2022, against a CPI of 8.6%, a margin of more than 2.5ppts. Costs will then fall back to 8.8% by end 2022, 2.2ppts above our inflation forecast.Find Out More
The dynamics behind deteriorating housing affordability in North America
Housing affordability worsened in Q4 2021 at the national level in both the US and Canada, according to our updated Housing Affordability Indices (HAIs), as income gains failed to offset the impact of higher home prices and interest rates.Find Out More