CBRE. Global RE Market Outlook 2020. Midyear Review

Leading indicators suggest that the global recovery will gain momentum in H2 2020 and deliver strong rates of growth in 2021. The virus is relatively under control in Asia e most of the G7 economies (aprt from the U.S.), solockdown restrictions have been eased. Pent-up demand is high as evidenced by rebounding retail sales. And the level of economic stimulus supporting the global economy is bigger than anything seen since World War II. The expected pick-up in real estate demand will lag the improvment in economic growth by between six and none months. The virus has segnificantly boosted the digita economy and real estate will have to catch up. Office employment has been very resilient during the crisis, but patterns of work are changing rapidly and offices will have to respond. The virus has not lowered the amount of available capital for real estate and, even though investment has paused, it will only take a modest reduction in risk to open the floodgate. As always, first movers will gain an advantage.

Read the Midyear Review on Global Real Estate Market Outlook 2020