As it stands, the news flow is generating record-high policy uncertainty, amplifying risks to the economic outlook. Even without decisions being finalized, uncertainty hurts sentiment, and the longer that continues, the more it weighs on activity.
But with real estate fundamentals holding up – ongoing employment growth, low unemployment rates and inflation and interest rates trending down, and all largely in a world with limited supply – how much at risk is the real estate recovery?
That question lies at the heart of PGIM Real Estate’s latest investment research insights, which are trying to better understand how resilient the real estate outlook is. To address these complexities, the team has called in extra expertise – broadening their insights to now cover global credit and Mexico.
- UNITED STATES: What happens to real estate values now that interest rates are higher and how does productivity impact real estate performance?
- EUROPE: Have higher government bond yields changed the real estate outlook and what does an analysis of affordability mean for office rental growth forecasts?
- ASIA PACIFIC: How does infill development affect the link between economics and rental growth and is this being missed by forecasters?
- MEXICO: What does tariff uncertainty mean for industrial investment and which markets benefit most from higher productivity?
- PRIVATE CREDIT: How will a higher U.S. 10-year treasury yield affect the commercial real estate (CRE) credit landscape, how will rising benchmarks affect the risk-return outlook for CRE credit and how will the recovery in real estate markets create new financing opportunities?
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