A dramatic shift in general partners’ (GP) portfolio allocations has occurred during the past 10 years. Industrial’s share of holdings rose by nearly 14 percent, while office and hotels’ combined share declined by nearly 12 percent, driven largely by digital technology’s impact on how we shop, live, and work, according to Juniper Square in its report, 2022 CRE Market Pulse. The report tracked shifts in commercial real estate (CRE) investments by property type over the past decade, as well as trends in transaction volumes, acquisitions, fundraising and more.
Industrial gains share at the expense of office and hotel.
Driven by the rise of ecommerce, the share of industrial land and properties in GP portfolios has grown from less than 4 percent to nearly 18 percent since 2013.
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