Disciplined Capital, Prospects Ahead
Real estate sectors and geographies typically behave differently because of varied fundamentals, but this year higher interest rates made for greater, disparate investment environments.
Private equity real estate is still navigating its winter season, with frozen capital markets waiting to thaw as pricing readjusts and the industry fully adjusts to the impact of higher financing costs. While transaction activity remains muted globally, we believe opportunities should arise from distressed sales that could more than double in 2024, and likely peak in 2025.
Our report goes much deeper with views directly from our Global Chief Investment Officer David Steinbach on the market impacts we faced and what opportunities lie ahead. Also, our Head of Global Research Josh Scoville shares his trend analysis and gleans green shoots from the performance data of past cycles.
Searching for Green Shoots: Learn about the five optimistic indicators in the investment environment
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2024 Global Investment Outlook
Global Chief Investment Officer David Steinbach offers his views on the market impacts we faced and what opportunities lie ahead.
Global Perspectives with Local Insights
Our regional Chief Investment Officers also contributed outlooks on investment in Asia, Europe and the Americas, which are followed by a top-line quick reference guide on the property sectors we track.
Gain an insider’s view on the conditions and sectors in our sights.
Americas
Europe
Asia-Pacific
Property Sectors In Our Sights
Our investment decisions are predicated on both evident macro and micro market signals, not market noise, using a differentiated approach to forecast that weighs proven factors against cyclical bias. That said, here are our generalized global views on the property sectors we carefully watch:
- Living faces structural supply and demand imbalances
- Logistics has long-term tailwinds
- Office is facing secular demand shifts and quality assets will win
- Retail is proving counter-cyclical with 50% of global developed markets showing positive rent forecasts
- Self-storage & data centers are alternative opportunity areas
Download the full paper to learn more about what opportunities lie ahead for real estate in 2024.
Disclaimer
The content herein and in the report is provided for informational purposes only. Nothing above or in the report constitutes investment, legal, or tax advice or recommendations. Such content should not be relied upon as a basis for making an investment decision and is not an offer of advisory services or an offer to invest in any product or asset class. It should not be assumed that any investment in an asset class described herein will be profitable. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice. Opinions or beliefs expressed in these materials may differ or be contrary to opinions expressed by others. Certain information above and in the report has been obtained from third-party sources. Hines has not independently verified such information.