Best Property Types on a Five Year Horizon
Where Are The Best Opportunities within CRE Markets
Apartment and Medical Office Buoyed By Fundamentals
While apartment vacancy rose 190 bps last year and rent growth cooled, the structural shortage of housing in the economy should bolster renter demand I the next 5 years
The aging Baby Boomer population will aid demand for medical office space as this cohort advances into their 70’s and 80’s
Retail and Industrial Assets Maintain Strong Performance
Both Single and Multi-Tenant retail have performed well exiting the pandemic, with multi-tenant rents up roughly 10% since 2019
Industrial assets have some construction risk, but with the majority of new inventory coming online in just 10 metros, it should remain a favored asset for investors
Even Within Hard Hit Segment Opportunities Arise
While national office vacancy has yet to recovery from the effects of remote work, suburban office space have outperformed expectations
Investors should look past any bumps in the road and consider where things well be at 5 years down the road when making decisions
*Sources: Marcus & Millichap Research Services
