With rates relief unlikely before the second half of the year, the hunt for commercial real estate that can generate inflation-beating rental growth will be keener than ever in 2024.
Investment bank Jarden and property group Cushman & Wakefield have kicked off the year’s biggest real estate sale, seeking a buyer for a half-share of a $3 billion-odd portfolio of industrial properties.
Private capital firms have not only deeper pockets but also a superior cost of capital compared with local listed property stocks, which had a torrid 2022.