CBRE foresees a record year for investment in commercial real estate in 2022 due to added momentum in the economic and real estate recoveries, major fiscal stimulus projects and a rebound of big cities and downtowns, according to the company’s 2022 U.S. Real Estate Outlook.
CBRE anticipates a 4.6 percent gain in U.S. gross domestic product next year, as businesses and real estate hit full stride in their recovery from COVID-19 and related restrictions. Investment volumes are expected to increase 5 percent to 10 percent for the year as low interest rates and a revival of international travel stoke demand. And downtowns will bounce back as international travel and a gradual return to the office bolster offices, stores, restaurants and apartments.
“Our outlook for U.S. commercial real estate next year is positive due to a number of tailwinds overriding deterrents such as inflation,” said Richard Barkham, CBRE’s global chief economist and head of Americ
