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Global megatrends will change the real estate landscape considerably over the next six years and beyond. While many of the trends are already evident, there is a natural tendency to underestimate how much the real estate world will have changed by 2020.
The changing landscape will have major implications for real estate investment and development. It will increase the size of the asset pool, yet change the nature of investment opportunities. Real estate organizations will need to adapt early to survive and prosper.
“Real Estate 2020 captures important trends in the industry and the impact they will have for real estate managers and the investment community. Key areas include the urbanization that’s taking place as people cluster around the great cities of the world, the new real estate subsectors that are emerging to satisfy the needs caused by shifting demographics, and also the technological implications that need to be considered as companies think and go globally. Every investor and asset manager can benefit from the profound implications shared herein.”
"While the size of the investable real estate universe will begin to diversify around the world, current major markets will still offer relevant investment opportunities. In 2012, the top 20 markets in the world represent 80.2% of the world’s total investable real estate universe. In 2020, these same markets will still represent 79.9% of the investable universe."
'Thinking global' is a big trend identified in the report, and it's important for US real estate companies and advisors that are doing business overseas to also understand how their risk profile now increases. In this new environment there's new laws and regulations with which asset managers need to be comfortable. The risks span political, tax and regulatory. An element for success will be having a trusted person on the ground that has local knowledge and experience.”