Although educational sessions yielded nothing close to a consensus about these issues, attendees agreed that 2000 has, indeed, been an excellent year to be in commercial real estate and that while growth may slow in 2001, opportunities and capital would still be available for savvy owners, developers and investors.
Some highlights follow.
That will benefit commercial real estate. The report is based on in-depth responses from investment advisors around the country. Overall, respondents predict an unlevered return of 11 percent on investments. Pension funds will lead the way in providing capital, while the debt market will be dominated by commercial banks. For high tech tenants, she said that location is still a number one priority and that flexibility is a necessity.