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Emerging Trends Report

Emerging Trends in Real Estate®: United States 2004

Americas
Resources
Emerging Trends in Real Estate United States 2004 download
Report Summary:

Report Summary: : Investors Move Cautiously Amid Concerns Over Economy, Job Growth: Washington, D.C., Is Top Market Choice, Followed by New York City and Southern California

The attitude of real estate investors toward next year's industry outlook range from "cautiously pessimistic" to—at best—"less sanguine," according to the Emerging Trends in Real Estate® 2004 report. The report finds 2004 to be widely regarded as a "transition" period, as markets move toward a weak recovery tempered by rising corporate outsourcing of jobs overseas, a lack of U.S. job generators, and fiscal woes at all levels of government. The report says that so far, returns continue to belie weak market fundamentals, including high vacancy rates, falling rents, resurgent concessions, rising property taxes, and higher operating expenses.

Report Summary: Investors Move Cautiously Amid Concerns Over Economy, Job Growth: Washington, D.C., Is Top Market Choice, Followed by New York City and Southern California

The attitude of real estate investors toward next year's industry outlook range from "cautiously pessimistic" to—at best—"less sanguine," according to the Emerging Trends in Real Estate® 2004 report. The report finds 2004 to be widely regarded as a "transition" period, as markets move toward a weak recovery tempered by rising corporate outsourcing of jobs overseas, a lack of U.S. job generators, and fiscal woes at all levels of government. The report says that so far, returns continue to belie weak market fundamentals, including high vacancy rates, falling rents, resurgent concessions, rising property taxes, and higher operating expenses.
Markets to Watch

Market Ranking #1:

  1. Washington DC
  2. Los Angeles, California
  3. San Diego, California
  4. New York 
  5. Miami, Florida
  6. Chicago, Illinois
  7. Boston, Massachusetts
  8. San Francisco, California
  9. Seattle, Washington
  10. Las Vegas, Nevada
Markets to Watch

Market Ranking #1:

  1. Washington DC
  2. Los Angeles, California
  3. San Diego, California
  4. New York 
  5. Miami, Florida
  6. Chicago, Illinois
  7. Boston, Massachusetts
  8. San Francisco, California
  9. Seattle, Washington
  10. Las Vegas, Nevada

About Emerging Trends in Real Estate®

Emerging Trends in Real Estate® is one of the most highly regarded annual industry outlooks for the real estate and land use industry, published jointly by PwC and the Urban Land Institute. By incorporating interviews and survey responses from several hundred industry professionals, the report provides an in-depth outlook by region on real estate investment, development trends, and capital markets. The report is produced in four versions: Americas, Asia Pacific, Europe, and Global. All the Emerging Trends in Real Estate® reports published since 2003 are available on Knowledge Finder.

ULI & PWC

Emerging Trends in Real Estate® is jointly sponsored by the Urban Land Institute and PwC. Since 2003, the Urban Land Institute and PwC have collaborated to produce one of the most comprehensive real estate and land use industry reports. PwC is a global network of firms in 158 countries with more than 236,000 people who are committed to delivering quality in assurance, advisory, and tax services. Find out more about PwC at pwc.com.

 

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Resources
Emerging Trends in Real Estate United States 2004 download
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