- Stockerstrasse 64
- United States
- 10 State House Square
- Chifley Tower
- One Raffles Quay
2018 Top 100 Real Estate ranking: 8Request More Information
US real estate investors are entering year four of a period of relative calm, income-driven performance. Demand is strong. Supply should be monitored closely. Capital flows are supportive but not excessive, even as spreads show signs of easing.
The economy held up better than expected in the first quarter of 2019, while some major central banks have turned dovish. Delayed policy tightening is supportive of real estate and investment activity was weaker across all regions with cap rates levelling off. We think occupier and investor markets look more resilient to any shock from the economy than they were prior to the global financial crisis.
The global economic backdrop is supportive of real estate although growth has eased slightly. Central bank policy is diverging as the US leads the way with rate rises. Strong occupier and investor demand has fueled outperformance of industrial property and we expect this to continue into 2019. Some investors looking to alternatives and value-add to boost returns.
UBS Asset Management’s Global Real Estate – Global Multi-Managers business announces that Bayerische Versorgungskammer has increased its GMM mandate from EUR 750 million to EUR 1 billion.
In a hypothetical asset market exam, the fundamentals for good quality commercial real estate would definitely get a passing grade.