| Investors aren’t only sweet on New York hospitality. RREEF Real Estate says The Big Apple is one of the markets offering the greatest outperformance potential in the near and long term for apartments, industrial warehouses (along with NJ), CBD office, and retail centers. Yesterday, RREEF released its US real estate strategic outlook report, forecasting healthy, but more moderate returns for real estate going forward. For 2012, that’s a total return of around 9%, with total returns averaging between 8% and 9% over the next five years. Apartments will lead the returns, but will underperform in the five-year outlook, due to the front-loaded nature of the sector’s recovery. Office will lag in the coming year, but will be the top performer in that same period, with back-loaded returns. Industrial is attractive but will fall short of office; and retail will track closely to overall forecasted returns. |
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RREEF Real Estate
, The Big Apple
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