Pathways

Global real estate: 
Approaching the turn

This edition explores the fundamentals of capitalization rates, regional positioning across sectors and the link between transaction volumes and the economic cycle. Learn more about how to steer towards the new real estate opportunities emerging in 2024.

Selective opportunities

New trends are presenting themselves in private markets, including in the logistics sector despite a sharp lift in the cost of capital in 2023.

Varying speed across sectors

Higher capitalization rates are creating better entry points for new investments, boosting unlevered expected returns from cyclical lows.

Labour markets

Rising rents have partially helped to offset the negative impact of cap rate expansion on returns across most property types.

Lower new supply

Higher interest rates and construction costs alongside tighter lending standards are causing new development starts to fall back.

Global thematics

Digitalisation, demographics, deglobalisation and decarbonisation continue to impact the demand for real estate and capital flows.

This year could present economic challenges, leading institutional investors to seek investments that deliver inflation protection, yield, and portfolio diversification. Watch this webinar to hear our real asset experts discussing opportunities in infrastructure, global real estate, and agriculture.​

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Pathways provides market leading analysis on real assets and private markets to help investors navigate these new and rapidly growing asset classes.”

Daniel McCormack, CFA
Head of Research


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