- December 1, 2013: Vol. 25, Number 11

To read this full article you need to be subscribed to Institutional Real Estate Americas

Forecast 2014: Threats loom but fundamentals suggest a continuing recovery for the new year

by Mike Consol


There is an African proverb that warns: “It is on the path you do not fear that the wild beast catches you.”

In the fast approaching run-up to 2014, the many paths that find their convergence in the titanic real estate industry are not particularly frightening at this time. Indeed, the consensus is that 2014 will be a year of continued recovery, perhaps even increasing momentum. Still, one investment manager gave voice to what all sources interviewed for this story seemed to be thinking — that their bright assessments come with the proviso that no “exogenous event” unexpectedly strikes and cripples the still-fledging recovery.

That external threat, that wild beast springing from the foliage, could be a calamitous trillion-dollar implosion of an exotic derivative hatched by some gun-slinging Masters of the Universe. A collapse of the Chinese economy so acute it sets off a downward spiral of falling dominos. Or even a devastating terror attack tha

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy