Driven by low vacancy and the shift toward renting versus buying homes, the fully recovered apartment sector is poised for a development spike in 2012, said a PricewaterhouseCoopers’ 4Q11 PwC Real Estate Investor Survey. Low interest rates and construction financing are creating incentives for developers who’ve been on the sidelines since the downturn. Despite economic uncertainty, the majority of survey respondents “view commercial real estate as favorably priced.” Looking ahead to 2012, U.S. commercial real estate investment is an attractive play that will gain increasing global attention due to its hard asset nature and current income-producing characteristic, along with its total return potential, the report says.Report: Apartment Building Boom Expected in 2012
Driven by low vacancy and the shift toward renting versus buying homes, the fully recovered apartment sector is poised for a development spike in 2012, said a PricewaterhouseCoopers’ 4Q11 PwC Real Estate Investor Survey. Low interest rates and construction financing are creating incentives for developers who’ve been on the sidelines since the downturn. Despite economic uncertainty, the majority of survey respondents “view commercial real estate as favorably priced.” Looking ahead to 2012, U.S. commercial real estate investment is an attractive play that will gain increasing global attention due to its hard asset nature and current income-producing characteristic, along with its total return potential, the report says.
