Meanwhile, in the United States most investors
see at least one to two more years of affirmative
economic activity overall with positive property
fundamentals and strengthening rents, declining
vacancy and minimal speculative construction in
Investors of all stripes, from the biggest institutions
to the regional grocery-anchored retail manager see
avenues for opportunity, but also the need to remain
cautious. Investors of the highest caliber are finding
themselves in bidding wars for the best properties
across property types; compressing yields to record
levels in key gateway markets, so cautious investors
must remind themselves not to overpay for yield.
Opportunistic investors must be cautious too.
Seven years into the up cycle, we can sometimes
forget that this is a cyclical industry and those with
exposure to leasing risk believe they will find it
easier to manage in 2016 than 2017.