Predictions 2016: Alex Price
“Population migration to the cities and their consequent growth will squeeze existing infrastructure and boost the need for development in cities.
“Increasing investor wariness about secondary assets as the increasing danger of obsolescence becomes clear will push down pricing, while investor competition will drive down yields for longer-date investments to good-quality tenants as a bond substitute in uncertain times.
“There will be a desire to make the asset class more consumer focused via: more flexible leases; embedded technology in buildings; better marketing of properties; valuing our customers; and more sustainable real estate.
“The year will also see improved regional A-grade office leasing activity (pre-Brexit debate) and rental growth as companies seek to have offices that appeal to their clients and workforce.”
Author: Alex Price, CEO at Palmer Capital
Link: http://www.propertyweek.com/in-depth/analysis-features/predictions-2016-alex-price/5078452.article
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