Commercial Real Estate Outlook: Top 10 issues for 2012
US commercial property trends and issues
The Asia Pacific region has emerged as a strong driver of global commercial real estate (CRE) growth, as confirmed by Commercial real estate outlook: Top ten issues in 2012, a new Deloitte report that examines critical issues, market trends and developments expected in the United States over the next 12 months.
In general, the US CRE market appears to be on a gradual, but uneven, path to recovery, with increased capital availability, transactions, and improved fundamentals. Hard on the heels of recession, the US is seeing an increased focus on diversification into global markets and continues to attract investment based on size and favourable risk reward.
With the Asia Pacific having the largest share of global real estate transactions (and continuing a trend that began in 2009), the region’s role is based on Asian economies continuing to grow faster than those in the developed world in the wake of the global financial crisis.
The top ten US commercial real estate issues for 2012 as outlined in the report are:
- Globalisation of CRE
- Macroeconomic fundamentals
- CRE fundamentals
- CRE lending
- Commercial mortgage backed securities
- Real estate investment trusts
- Private equity
- CRE deal flow
- US residential market
- US residential mortgage market.