According to the study, the NCREIF real estate index will fall in 2023 and rise in 2024.

Real estate consultants, managers and researchers expect the NCREIF real estate index to decline by 5.3% in 2023, but rise by 4.5% in 2024 and 6.4% in 2025, according to a review of consensus forecasts of the Retirement Property Association for the first quarter.

Expected return in 2023 is below -0.7% and expected 7% in 2022, the Dec. 31 PREA consensus poll showed.

According to the results of the latest PREA survey, office properties are expected to be the least profitable asset class in 2023 at -9.1%, followed by industrial properties and apartments, which are expected to decline to -5.1%. Retail is expected to be the most profitable asset class in 2023 with -1.7%.

By comparison, in the December 31 survey, respondents expected retail to return 1.3%, industry 0.7%, apartments 0.3% and offices 5%.

Content Source

News Press Ohio – Latest News:
Columbus Local News || Cleveland Local News || Ohio State News || National News || Money and Economy News || Entertainment News || Tech News || Environment News

Related Articles

Back to top button