2024 Summer Issue of Urban Land - 52

ULI MEETING COVERAGE
Stay Alive Until '25: ULI's
Real Estate Economic Forecast
Survey results indicate that, although the overall
economy is strong, the real estate industry will continue
to be challenged by high interest rates
Beth Mattson-Teig
It's tough to view a strong economy
as bad news. Yet a firmly positive economic
projection in ULI's Real Estate
Economic Forecast does not bode well
for commercial real estate participants
who are hoping for relief in rate cuts
from the U.S. Federal Reserve.
" Financial conditions have eased dramatically,
and for the Fed to cut substantially
would be pouring gasoline on
the fire, " says Ken Rosen, chairman of
Rosen Consulting Group. " Everyone in
this room wants it to happen, for obvious
reasons, but the overall economy,
From left to right: moderator Ron Insana, contributor and senior analyst with CNBC;
Paula Campbell Roberts, managing director and chief investment strategist for
global wealth, KKR; Dr. Ken Rosen, chairman, the Rosen Consulting Group; and Mark
Grinis, Americas real estate, hospitality, and construction leader, EY, speaking at the
ULI Spring Meeting in New York.
52
URBAN LAND SUMMER 202 4
I don't think [that] would benefit from
creating even easier financial conditions. "
Rosen was one of three panelists
discussing the results of the Real Estate
Economic Forecast on April 10 at ULI's
Spring Meeting in New York City.
The survey results indicate that,
although the overall economy is strong,
the real estate industry will continue to
be challenged by high-interest rates,
putting downward pressure on valuations
and returns during the remainder
of 2024. Although the forecast for individual
property sectors varies, the trend
lines generally are pointing to more
positive growth in 2025 and 2026, with
office clearly lagging other property
types.
A key focus of the report, which is
based on the median of forecasts from
39 economists and analysts at 34 leading
real estate organizations, is the ripple
effects of higher interest rates. Survey
results show that interest rates could
be near their peak, with a slow and
steady decline ahead to 4.0 percent
this year, 3.75 percent in 2025, and 3.63
percent in 2026. However, panelists took
a more pessimistic view of the " higher
for longer " interest rate environment,
with the added backdrop that the CPI
data released just before the discussion
came in hotter than expected, pushing
the 10-year Treasury to 4.5 percent. The
March CPI rose 0.4 percent, putting the
12-month inflation rate at 3.5
P XOXOX OX OX OXO

2024 Summer Issue of Urban Land

Table of Contents for the Digital Edition of 2024 Summer Issue of Urban Land

2024 Summer Issue of Urban Land - Cover1
2024 Summer Issue of Urban Land - Cover2
2024 Summer Issue of Urban Land - 1
2024 Summer Issue of Urban Land - 2
2024 Summer Issue of Urban Land - 3
2024 Summer Issue of Urban Land - 4
2024 Summer Issue of Urban Land - 5
2024 Summer Issue of Urban Land - 6
2024 Summer Issue of Urban Land - 7
2024 Summer Issue of Urban Land - 8
2024 Summer Issue of Urban Land - 9
2024 Summer Issue of Urban Land - 10
2024 Summer Issue of Urban Land - 11
2024 Summer Issue of Urban Land - 12
2024 Summer Issue of Urban Land - 13
2024 Summer Issue of Urban Land - 14
2024 Summer Issue of Urban Land - 15
2024 Summer Issue of Urban Land - 16
2024 Summer Issue of Urban Land - 17
2024 Summer Issue of Urban Land - 18
2024 Summer Issue of Urban Land - 19
2024 Summer Issue of Urban Land - 20
2024 Summer Issue of Urban Land - 21
2024 Summer Issue of Urban Land - 22
2024 Summer Issue of Urban Land - 23
2024 Summer Issue of Urban Land - 24
2024 Summer Issue of Urban Land - 25
2024 Summer Issue of Urban Land - 26
2024 Summer Issue of Urban Land - 27
2024 Summer Issue of Urban Land - 28
2024 Summer Issue of Urban Land - 29
2024 Summer Issue of Urban Land - 30
2024 Summer Issue of Urban Land - 31
2024 Summer Issue of Urban Land - 32
2024 Summer Issue of Urban Land - 33
2024 Summer Issue of Urban Land - 34
2024 Summer Issue of Urban Land - 35
2024 Summer Issue of Urban Land - 36
2024 Summer Issue of Urban Land - 37
2024 Summer Issue of Urban Land - 38
2024 Summer Issue of Urban Land - 39
2024 Summer Issue of Urban Land - 40
2024 Summer Issue of Urban Land - 41
2024 Summer Issue of Urban Land - 42
2024 Summer Issue of Urban Land - 43
2024 Summer Issue of Urban Land - 44
2024 Summer Issue of Urban Land - 45
2024 Summer Issue of Urban Land - 46
2024 Summer Issue of Urban Land - 47
2024 Summer Issue of Urban Land - 48
2024 Summer Issue of Urban Land - 49
2024 Summer Issue of Urban Land - 50
2024 Summer Issue of Urban Land - 51
2024 Summer Issue of Urban Land - 52
2024 Summer Issue of Urban Land - 53
2024 Summer Issue of Urban Land - 54
2024 Summer Issue of Urban Land - 55
2024 Summer Issue of Urban Land - 56
2024 Summer Issue of Urban Land - 57
2024 Summer Issue of Urban Land - 58
2024 Summer Issue of Urban Land - 59
2024 Summer Issue of Urban Land - 60
2024 Summer Issue of Urban Land - 61
2024 Summer Issue of Urban Land - 62
2024 Summer Issue of Urban Land - 63
2024 Summer Issue of Urban Land - 64
2024 Summer Issue of Urban Land - 65
2024 Summer Issue of Urban Land - 66
2024 Summer Issue of Urban Land - 67
2024 Summer Issue of Urban Land - 68
2024 Summer Issue of Urban Land - 69
2024 Summer Issue of Urban Land - 70
2024 Summer Issue of Urban Land - 71
2024 Summer Issue of Urban Land - 72
2024 Summer Issue of Urban Land - 73
2024 Summer Issue of Urban Land - 74
2024 Summer Issue of Urban Land - 75
2024 Summer Issue of Urban Land - 76
2024 Summer Issue of Urban Land - 77
2024 Summer Issue of Urban Land - 78
2024 Summer Issue of Urban Land - 79
2024 Summer Issue of Urban Land - 80
2024 Summer Issue of Urban Land - 81
2024 Summer Issue of Urban Land - 82
2024 Summer Issue of Urban Land - 83
2024 Summer Issue of Urban Land - 84
2024 Summer Issue of Urban Land - 85
2024 Summer Issue of Urban Land - 86
2024 Summer Issue of Urban Land - 87
2024 Summer Issue of Urban Land - 88
2024 Summer Issue of Urban Land - Cover3
2024 Summer Issue of Urban Land - Cover4
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-fall-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/-2024-summer-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-spring-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-winter-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-fall-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-summer-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-spring-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-winter-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022FallIssue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-summer-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-spring-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ulm-winter-2022
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/summer-issue-2021
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/uli-spring-2021-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ULIWinter2021
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDFALL2020
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDSUMMER2020
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDSPRING2020
https://www.nxtbookmedia.com