CRE Transaction Volume, Prices Expected to Drop, According to ULI Forecast
Originally published on May 25, 2023, by The Urban Land Institute.
Positive but slow growth is in store for the U.S. economy over the next two years with a return to stronger growth and average inflation in 2025. Changes over this three-year forecast period are expected to reflect this pattern, according to the latest edition of the Urban Land Institute’s (ULI) semiannual Real Estate Economic Forecast.
“Survey respondents forecast slower to negative results in real estate overall in the near term and a return to stronger growth in 2025, although the extent and timing of that differs among property types by 2025,” said Anita Kramer, senior vice president, ULI’s Center for Real Estate Economics and Capital Markets.
The Spring 2023 ULI Real Estate Economic Forecast is based on the median forecast from 41 economists and analysts at 37 major real estate investment, advisory, and research firms and organizations. It addresses 27 key economic and real estate indicators, ranging from GDP and employment figures to commercial real estate transactions and property sector performance. This spring’s survey was conducted between April 10 and April 24.