RE Forecast: Cloudy with Some Sunshine
May 5, 2017 | by IvyLee Rosario | Commercial Property Executive
Executives from Hines, AvalonBay and Trepp offered their outlook for the next three years as ULI unveiled the results of its Real Estate Consensus Forecast.
ULI unveiled the results of its Real Estate Consensus Forecast at the 2017 Spring Meeting in Seattle, leading a panel of economists to discuss how the industry will be changing within the next two to three years. The consensus forecast is based on the median of 53 economists and analysts at 39 leading real estate organizations. The current U.S. real estate cycle is already one of the longest since World War II, so without productivity gains, increased workforce participation or a reduced regulatory environment, the panelists: Joshua Scoville, senior managing director, investment management at Hines; Craig Thomas, vice president of market research at AvalonBay Communities; and Matthew Anderson, managing director at Trepp Inc., don’t see much change within the next few years.
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