Working Paper #697
The Business of Real Estate After the Great Recession
Anthony N. Charles
Commercial Brokerage Equity Market Real Estate Investment Trusts Recession
Commercial real estate offers attractive yields today in an environment of great uncertainty and one in which investors desire cash flow. Despite a low growth environment, real estate offers favorable expected returns relative to stocks and bonds. This paper discusses the new environment for commercial real estate and provides thoughts on how the competition and investor universe has been reshaped as well as what successful real estate firms will need to do to succeed.