The three organizations have drawn on their respective capabilities to examine the economy, capital markets, and commercial real estate property markets; thoroughly assess and analyze existing research; and offer an objective outlook for commercial real estate for 2014 and beyond. Findings indicate that although uncertainties remain, the economy is expected to continue to grow slowly and improve modestly in 2014. Capital is flush, and commercial real estate investment has expanded to the secondary and tertiary markets. In addition, the report carefully analyzes and offers a research-based assessment of the office, industrial, apartment, retail, and hotel property sectors. The report also provides an outlook for the three mostly likely economic and investment scenarios for 2014 and beyond.
"We have seen steady if slow progress since the commercial real estate market collapsed in second quarter 2008, and as the future unfolds, we expect that the positive returns for commercial real estate will continue," stated
"The stabilization that we have seen in the commercial real estate markets during the past year has added greatly to the 'cautiously optimistic' outlook we have for the year ahead," said
The commercial real estate recovery is expected to continue throughout 2014, based on slightly stronger economic growth, noted
Expectations & Market Realities in Real Estate 2014--The Future Unfolds can be obtained electronically at www.rerc.com, www.realtor.org/prodser.nsf/Research and www.deloitte.com.
Deloitte: Deloitte's Real Estate group draws on the insights and experience of Deloitte's four primary businesses -- consulting, audit, tax and financial advisory. The group provides local, national and global real estate services to clients that include: REITs and property companies, real estate funds and investors, homebuilders, developers and land owners, engineering and construction companies and service providers. For more information about Deloitte's Real Estate group, please visit http://www.deloitte.com/view/en_US/us/Industries/Real-Estate/index.htm.
National Association of REALTORS® (NAR):
This publication contains general information only and is based on the experiences and research of the authors. The authors are not, by means of this publication, rendering business, financial, investment, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. The authors, their employers, employers' affiliates and related entities shall not be responsible for any loss sustained by any person who relies on this publication.
Keywords for this news article include: Deloitte, Real Estate.
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