As overall U.S. commercial transaction volumes and returns begin to normalize again
According to a recent study by the Urban Land Land Center, the signing of an agreement between 40 economic leaders and industry analysts has seen an understanding of the end of the US business trajectory by 2023.
“US Economy” Although the prices of modern commodities may affect pump performance, short-term estimates should be irrelevant. That’s why we see so much trade in the background. a strong position to build disease and take wealth with it. “
GDP growth for 2021 projected from 2021 projected 6.5% to 5.7%, doubling in 2010 of 1.73% and close to the 2019 high of 2.3%.
The 2021 sales rate rose sharply from 2.8% projected for the year 2021 to 4.3% in the fall. The issue will be satisfied with this reduction for the period 2019 to 2023.
The U.S. Interest is expected to decline gradually from 0.93% by 2020 to 1.6% expected in 2021 and to 2.25% by 2023. These have decreased on the 2021 target and remain stable.
Sales tax rates are unstable every year and show little from the 2021 history. The National Commercial Real Estate Investment Services Council (NCREIF) is determined to reduce inflation from 4.4% in 2020 to 4.3% for 2021 and 2022, down before showing signs of starting a high trend in 2023.
For large markets, the price index shows growing confidence in Commercial real estate sales over the next three years, with the price index falling sharply to short-term trends. $ 617 billion. It is estimated that $ 515 billion will be sold by 2021 and will increase to $ 600 by 2022 for the short term and will remain there by 2023. The opening of Mortgage-Backed Securities (CMBS) is expected to increase. Near the top of the 298 million dollars, it rises from the $ 80 billion level to the 25 billion dollar level.
Prices and prices show a decrease in expectations compared to the previous six months. The RCA price index shows one of the clearest changes in seasonal expectations. The 2021 index is now expected to see 10% higher, doubling the 5.3% growth seen in 2020 and the 4.2% projections for 2021 six months ago.
The annual revenue for REITs is expected to increase to 27.8% by 2021, and Commercialperformance increased by 26% by 2019. The figures are close to the 2014 annual figure of 30.1% and double the prelude for the year 2021 of 15.0%. At 10% year-on-year, the accounts for 2022 and 2023 return close to between the two-year average of 11.3%.
The NCREIF annual return expectation was reaffirmed, with the expectation for 2021 rising from 4.5% over the year to 8.0% today. The return is expected to decline slightly in the coming years to a stable 7.0%. Expectations have been high since the 2021 Announcement of the four major types of Commercial assets in 2021 and 2022 as they are reviewed below offices and stores in 2023. achieving a gradual growth of 7.8% in 2022. The fiscal office is expected to return to 5.0% by 2023, down 6.6% for 2019, and sales up 4.3% in 2023 from down 2.0% for 2021.
The average Commercial house prices are expected to return to the 2019 level from 2022 after a two-year decline from 2020 to 2021. From 11.6% to 2020, growth is expected to be equivalent to 10.9% in 2021 and will be a significant increase of 6.4% in 2022 and 5.0 % in 2023. The distribution of property is expected to continue, with reports that new housing Commercial prices have begun to rise – mainly from 1,130,000 by 2021 to 1,250,000 by 2023.
In the election, a major change is expected to be for the additional 200 offices (bps) by 2021, with just a small improvement by 2023. The top office location by 2021 is reflected in the planned drop. There is no charge. of 1.5%. Many industries and homes are showing healthy growth, all with a three-year estimate rising 5% by 2021. For stocks, this will provide an example of a stable opportunity. Employment offices are expected to reach 16.9% per annum in 2021 and 2022.
The UU statement concludes with a lack of good news for the hotel industry in the wake of the fall. Commercial Business Opportunity Revenue (RevPAR) also sees one of the worst numbers on all UI sites after a reported drop of 47.4% in 2020. Users can be happy to see the expected figure of 12.2% in 2022, although it is lower than the 20.0% projected. created in 2021. Estimates for 2021 have decreased from 29.6% made on an annual basis to only 5.0% currently.