2025 commercial real estate outlook
Robyn Gibbard, “United States Economic Forecast: Q2 2024,” Deloitte Insights, June 20, 2024.
View in Article
Dr. Alexander Boersch and Dr. Pauliina Sandqvist, “Eurozone economic outlook, April 2024,” Deloitte Insights, April 10, 2024.
View in Article
Dr. Rumki Majumdar, “India economic outlook, April 2024,” Deloitte Insights, April 26, 2024.
View in Article
Ira Kalish, “Global economic outlook, January 2024,” Deloitte Insights, Jan. 25, 2024.
View in Article
Daniel Cunningham, “ECB rates cut receives measured welcome by industry,” PERE, June 7, 2024.
View in Article
Eshe Nelson, “Bank of England cuts interest rates for the first time since 2020,” The New York Times, Aug. 1, 2024.
View in Article
Jeanna Smialek, “Fed opens door to September rate cut if inflation stays cool,” The New York Times, July 31, 2024.
View in Article
Ibid.
View in Article
Gibbard, “United States Economic Forecast Q2 2024,” Deloitte Insights, June 20, 2024.
View in Article
Board of Governors of the Federal Reserve System, “Federal funds effective rate,” retrieved from FRED, Federal Reserve Bank of St. Louis, Sept. 3, 2024.
View in Article
Jeffrey J. Smith, Kathy Feucht, Renea Burns, and Tim Coy, “2024 commercial real estate outlook: Finding terra firma,” Deloitte Insights, Sept. 21, 2023.
View in Article
The New York Times, “International elections 2024: What you need to know,” March 21, 2024.
View in Article
Carol Ryan, “Property’s waiting game is getting harder,” The Wall Street Journal, May 5, 2024.
View in Article
Alexis Martin, “Wave of Property-Loan Maturities Amplified by Extensions,” MSCI Real Capital Analytics, March 26, 2024.
View in Article
Ibid.
View in Article
CBRE, “The debt funding gap for Asia-Pacific real estate,” May 28, 2024.
View in Article
Matthew Toma, “The European real estate maturity wall is a challenge that can be addressed with legal finance,” Burford Capital, Dec. 5, 2023.
View in Article
CBRE, “Some distress will emerge amid wall of loan maturities,” May 8, 2024.
View in Article
MSCI RCA, “RCA CPPI Global,” Q2 2024.
View in Article
Represents the US dollar value change on rolling 12-month transaction combined totals across EMEA, Asia Pacific, and North America.
View in Article
MSCI RCA, “Global Capital Trends, Q2,” Aug. 8, 2024.
View in Article
Will Robson, Niel Harmse, Fritz Louw, Willem Vlaming, “Real assets in focus: Are we nearly there yet?,” MSCI, May 15, 2024.
View in Article
Raghunandan Gurumurthy, “Reshoring in North America: Strategy for manufacturing excellence,” Forbes, Aug. 7, 2024.
View in Article
CBRE, “Closer: Nearshoring has inspired a boom in Mexico’s industrial real estate,” May 7, 2024.
View in Article
Noi Mahoney, “Borderlands Mexico: Investment surges in Mexico as companies shift supply chains, plan new factories,” FreightWaves, March 31, 2024.
View in Article
Inbound Logistics, “Nearshoring: Partners lead the way in Mexico,” June 2024.
View in Article
Mark Heschmeyer, “Commercial properties get early boost from efforts to revive US semiconductor industry,” CoStar News, June 6, 2024.
View in Article
Ibid.
View in Article
Kimberly Steele, “Growth of AI creates unprecedented demand for global data centers,” JLL, Jan. 31, 2024.
View in Article
Eren Çam, Zoe Hungerford, Niklas Schoch, Francys Pinto Miranda, Carlos David Yáñez de León, “Electricity 2024: Analysis and forecast to 2026,” International Energy Agency, January 2024.
View in Article
Camilla Hodgson, “US tech groups’ water consumption soars in ‘data centre alley’,” Financial Times, Aug. 18, 2024.
View in Article
Patrick Sisson, “AI frenzy complicates efforts to keep power-hungry data sites green,” The New York Times, March 19, 2024.
View in Article
PR Newswire, “Merlin Properties and Edged expand global reach of new Barcelona data center with connections to Barcelona Cable Landing Station, EXA, and Axent,” Jan. 10, 2024.
View in Article
Patricia Buckley and Tim Coy, “On the watchlist: The office sector in commercial real estate,” Deloitte Insights, April 30, 2024.
View in Article
Ibid.
View in Article
Deloitte analysis of MSCI Real Capital Analytics Global Volumes Standardized Download, accessed July 15, 2024.
View in Article
Ibid.
View in Article
Ibid.
View in Article
MSCI Real Capital Analytics, “Global Cross-Border Investment Compendium,” February 23, 2024.
View in Article
Ibid.
View in Article
Deloitte Center for Financial Services and Deloitte M&A Research Services analysis of S&P Global Market Intelligence data, accessed May 2024. Includes only transactions where the target of the transaction is a real estate entity.
View in Article
Ibid.
View in Article
Public organizations include real estate investment trusts (REIT) and real estate operating companies.
View in Article
Institutional organizations are not known to be either public or private but are generally categorized as financially sophisticated investors that make investments often held in large portfolios. Institutional organizations surveyed include banks, insurance companies, finance and investment management companies, pension funds, sovereign wealth funds, and open-ended funds.
View in Article
Private organizations include real estate private equity companies and all other non-REIT owners and investors.
View in Article
Deloitte analysis of MSCI Real Capital Analytics US CPPI Index, February 2024.
View in Article
Justin Worland, “Commercial real estate is in trouble. Climate change is part of the problem,” TIME, Aug. 17, 2023.
View in Article
Mike Phillips, “Office owners: Here’s how to make money from being green,” Bisnow Media, Sept. 3, 2021.
View in Article
European Commission, “Energy performance of buildings directive,” accessed Sept. 10, 2024.
View in Article
Marla Thalheimer, ”Policy breakdown: What new federal BPS and California joining BPS coalition mean for the building industry,” Institute for Market Transformation, Dec. 16, 2022.
View in Article
National Renewable Energy Laboratory, ADL Ventures, and New York State Energy Research and Development Authority, “Unlocking the value of deep energy retrofits,” Dec. 2023.
View in Article
Kamya Miglani, “Retrofitting buildings for a net-zero future,” JLL, March 3, 2023.
View in Article
Ibid.
View in Article
Chiara Delmastro and Olivia Chen, “Buildings,” International Energy Agency, July 11, 2023.
View in Article
Institute for Market Transformation, “Map: National BPS Coalition participating jurisdictions,” accessed Sept. 10, 2023.
View in Article
Deloitte, “ESG real estate insights,” accessed Sept. 10, 2023.
View in Article
Savills Research update as of September 2024 on data originally found in: Georgia Ferris, Mike Barnes, and Jess Edgley, “Spotlight: European office obsolescence,” Savills, Dec. 12, 2022.
View in Article
Miglani, “Retrofitting buildings for a net-zero future.”
View in Article
Chris Hudgins, “US REIT green bond issuance at 6-year low in 2023,” S&P Global Market Intelligence, Feb. 20, 2024.
View in Article
JLL, “Real estate transparency critical for decarbonization,” accessed Sept. 10, 2024.
View in Article
Christopher Walker, “Impact investing gains momentum with real estate investors,” Impact Investor, Jan. 29, 2024.
View in Article
Harrison Connery, “CalSTRS’ carbon tracking highlights decarbonization challenges,” PERE, July 30, 2024.
View in Article
Amy Frearson, “Digital twins are ‘big driver’ toward net-zero cities say experts,” Dezeen, Sept. 7, 2021.
View in Article
Hanane El Hayek, James Fisher, Dipaneeta Das, Jorge Chapa, Jamie Wallis, Benjamin Towell, Chris Pyke, and Sarah Zalesk, “Financing transformation: A guide to green building for green bonds and green loans,” Alliance HQE-GBC, Building Research Establishment, Green Building Council Australia, Singapore Green Building Council, and US Green Building Council, June 2024.
View in Article
Patrice Cochelin and Bryan Popoola, “Sustainable bond issuance to approach $1 trillion in 2024,” S&P Global Ratings, Feb. 13, 2024.
View in Article
Tim Archer, “Understanding the compliance and voluntary carbon trading markets,” Deloitte United Kingdom, July 4, 2023.
View in Article
Ricardo Martinez, Val Srinivas, and Jill Gregorie, “The world needs carbon markets. Here’s how to make them work better,” Deloitte Insights, Sept. 22, 2023.
View in Article
Jamie Baker and Tim Coy, “The US real estate industry workforce faces a retirement cliff,” Deloitte Insights, May 29, 2024.
View in Article
Jim Berry and John D’Angelo, “Preparing for the future of commercial real estate,” Deloitte Insights, Sept. 15, 2020.
View in Article
Ibid.
View in Article
Deloitte, 2024 Gen Z and Millennial Survey: Living and working with purpose in a transforming world, May 15, 2024.
View in Article
Patrick Sisson, “‘There’s a cost’: CRE’s mental health struggles hit early career workers hard,” Bisnow Media, April 9, 2023.
View in Article
Deloitte, 2024 Gen Z and Millennial Survey, May 15, 2024.
View in Article
Deloitte, “Building a workforce development ecosystem that works,” February 2023.
View in Article
Miriam Hall, “A seismic generational shift is afoot among New York’s real estate stalwarts,” Bisnow Media, Nov. 12, 2023.
View in Article
Sue Cantrell, Robin Jones, Michael Griffiths, and Julie Hiipakka, “The skills-based organization: A new operating model for work and the workforce,” Deloitte Insights, Sept. 8, 2022.
View in Article
Aisha Kapoor, “AI will give you your time back,” PERE, May 7, 2024.
View in Article
Ibid.
View in Article
Nick Pipitone, “Can Cushman & Wakefield’s AI push close the gap with CBRE and JLL?,” Propmodo, Feb. 19, 2024.
View in Article
Hannah Miet, “Artificial intelligence’s ‘bad data’ problem for real estate investment,” Urban Land Magazine, May 9, 2024.
View in Article
Trinadha Kandi, Sai Medi, Jenny Kelly, and David Chan, “Is your customer data AI-ready?,” Deloitte Digital, Feb. 2, 2024.
View in Article
Kelsey Miller, “Five critical steps in the change management process,” Harvard Business School Online, March 19, 2020.
View in Article
Deloitte, “Strategic change management services,” accessed Sept. 11, 2024.
View in Article
link