By Tim Randall
Already in 2016, the global economy has experienced Brexit, nearly $12 trillion in negatively yielding sovereign debt, anemic international growth, and a Chinese economic slowdown after years of seven percent plus expansion. In other words, it wasn't that surprising when the World Bank downgraded their already low forecast for Global Growth to 2.4% from a January 2016 prediction of 2.9%.
Amid these issues, however, the prospects for global commercial real estate ((CRE)) continue to look positive. While the pace of growth will be slower, the trajectory will still be upward, thanks to a mixture of reduced borrowing costs and capital flows into strong markets, according to the RICS' Global Commercial Property Monitor Survey.
Broad Strokes
Growth is expected to continue in 2H'16 across all sectors - Retail, Multi-Family, Office, Industrial, Hotel, Warehouse, and Mixed-Use. According to the predictions of firms like CBRE, combined sector growth will… Read More …