In lieu of a Spring meeting (due to Covid), ULI has released their three-year forecast for 27 economic & real estate indicators. They cover forecasts for broad economic indicators, real estate capital markets, property investment returns, vacancy rates & housing starts/prices.
CRE transaction volume is expected to be over 50% lower in 2020.
CRE property values are expected to drop by 7% on average in 2020.
Net returns on institutional CRE assets is expected to be -5% in 2020.
All asset types are expected to see increases in vacancy, with industrial faring the best and office/retail faring the worst in 2020.
Rent growth is expected to be flat for industrial in 2020 while retail is expected to fall by -8.2% on average.
Single family housing starts are forecasted to fall by 27% in 2020, which should help stabilize any potential fall in prices.
FYI: You must be a ULI member to view the linked forecast media