A number of 2023’s challenges are carrying over to 2024, such as high interest rates and slower economic growth, but some of the niche and emerging sectors could be bright spots in the year ahead. In an interview published in the January 2024 issue of Institutional Real Estate Americas, Richard Kleinman, Americas head of research and strategy and co-CIO with LaSalle Investment Management, discusses what institutional real estate investors can expect in the new year. “Relative to where we’ve been, there is a lot of new supply coming into the apartment market throughout 2024,” says Kleinman. “In warehouse, we could see a slowdown in new supply through the year, but it will still be weighing on the market. In terms of fundamentals, interestingly, retail appears to be set up to be a winner because there is not a lot of new supply. Industrial could start to emerge as a winner as we get into the second half of the year, with supply coming down and — hopefully, toward
