Deal activity for the quarter was down. However, we have seen signs of acceleration and we continue to believe that deal activity will accelerate further, with industry disruption becoming a more important driver. This disruption we believe will cause certain sectors to remain in favor, new business models to emerge, new risks to be navigated, and a premium being placed on convenience, choice and the creation of world class experiences. It is an incredible time to be a part of the real estate industry but it will also require increased forward thinking and scale in order to navigate a continuously shifting landscape.
“We continue to believe that deal activity will accelerate throughout the balance of the year and beyond, with industry disruption becoming a more important driver. It is becoming more a question of scale and survival rather than just relative value.”
Real Estate Deals Leader, PwC US
Real Estate Acquisitions Leader, PwC US