06 Jan 2020 Commercial Real Estate Outlook
2020 Commercial Real Estate Outlook
CBRE Group Inc., a commercial real estate services and investment firm, recently released its “2020 Real Estate Market Outlook Report.” The 38-page publication includes forecasts for the capital markets and six real estate sectors, with an “alternatives” category that addresses self-storage and other businesses.
“Next year will bring deceleration on a few fronts, but this still is an expanding economy and a flourishing property market benefiting from a robust job market, solid consumer confidence and low interest rates,” said Richard Barkham, CBRE’s global chief economist and head of Americas Research. “We’ll see resilience across asset classes such as office, retail and multi-family as demand continues to buoy those sectors. And we see transaction volumes and capitalization rates staying relatively stable.”
Alternative segments include:
- Data centers
- Life-science facilities
- Medical offices
- Senior housing
- Student housing
Self-storage commercial real estate has more than doubled its share of commercial investment in the last few years, growing from 6 percent in 2007 to 12.5 percent in 2019.
For more than forty years, Knipp Contracting has been helping homeowners and investors like you maximize their property values, while creating a beautiful space that you can enjoy for years to come.
Whether you are looking to renovate your existing commercial building or break ground on a new commercial real estate project, our team of experienced experts are ready to help you with all your construction and real estate development needs in 2020. We look forward to hearing from you soon!