Head of Real Estate Strategy & Research Rich Hill joined Bloomberg Markets: The Close to discuss his outlook for the office sector amidst tightening credit and his outlook for the commercial real estate market more broadly.
FURTHER READING
The Real Estate Reel: The listed REIT selloff, valuations, and the private CRE correction
We see a regime change in what’s driving the recent listed REIT selloff. REIT valuations appear cheap. And the pattern in the decline in private real estate is reminiscent to what occurred in the wake of the 1990s S&L crisis, indicating the selloff and recovery could be a slow grind. Watch this month’s Real Estate Reel to find out what these data points mean for real estate investing.
Putting the recent selloff in U.S. listed REITs into perspective
We’ve argued over the course of this year that markets presented attractive entry points for listed real estate. Recent declines in listed REIT valuations, driven by macroeconomic uncertainty, do not alter this view.
Real Estate Reel: We’re watching institutional allocations, CRE debt and property price disconnects
Institutional investors have increased their allocations to real estate, CRE debt delinquency rates are increasing but remain relatively low, and CRE valuations are down more than 16% so far this year. Watch this month’s Real Estate Reel to find out what these data points mean for real estate investing.