KEY TAKEAWAYS
ECONOMY
As growth remains tepid and cost pressures are easing, business confidence is set to improve.
CAPITAL MARKETS
CRE is currently in a transition phase as macroeconomic conditions improve. Investment volumes are expected to increase.
INDUSTRIAL
The industrial sector remains the most coveted asset class. With the pace of new completions slowing, low vacancy rates are expected to persist, leading to continued increases in prime rents.
LIVING
ome affordability has deteriorated in the last decade leading to a fall in home ownership rates, boosting near-term demand for private and affordable housing.
OFFICE
An interest in value-add opportunities is rising. Upward pressure on rents to remain in the short-term, reflecting reduced re-development costs but this trend is likely to moderate as the availability of Grade A stock increases.
RETAIL
Investor interest is rekindling across retail asset types. As footfall improves the most sought-after location are becoming more constrained; vacancy rates coming down places upward pressure on prime rental levels.
HOTELS
The only real estate sector in Europe that recorded an increase in transaction activity during Q1 2024 as healty operating performance boosts investors interest.
ALTERNATIVES
Given the supply and demand imbalance across the data centres and the life sciences sector, investors are increasingly exploring development prospects to take advantage of robust demand.