Research & Reports

Investment Strategy
Annual 2022

The ISA, LaSalle’s flagship research report, is a global overview of real estate investment strategy for the years to come. This annual report compiles views from around the world on macro real estate investment themes, local market forecasts, recommended investment strategies, and key market risks. It provides insight on portfolio construction and the trends shaping real estate investment and the increasing value of the capacity for advanced data analytics to guide real estate investment decisions.

  • 28
    Years of Investment Strategy Annual Publications
  • 2022-2024
    Years covered in forecast
  • 16
    Countries analyzed and researched in this edition

ISA 2022 OVERVIEW

In the 28th edition of the Investment Strategy Annual, we address the themes that will shape the real estate investment environment for at least the next three years and likely longer.

What Lies Ahead 2022

The macro themes in the 2022 edition of LaSalle’s Investment Strategy Annual, provide a road map for navigating real estate markets around the world in the years ahead. We focus on five major trends, which when taken together, form the basis for our recommendations.  
 
The Endemic Economy
Higher Standards for Real Estate
Rising liquidity and inflation
Climate Change: Adaptation and Mitigation
Secular Drivers of Demand (DTU+E)

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Portfolio Strategies

The strong financial performance of real estate in 2021 re-established capital market confidence in the asset class.

As a result, allocations to real estate are rising and a wider range of risk-on and niche strategies make sense to find productive places to put money to work. The reasons for allocating part of an investment portfolio to real estate have strengthened in the past year, as bond yields have started to rise and stock market volatility increases. Savvy real estate investors will need to consider shorter leases, more operational intensity for demanding tenants, as well as factor in the rise of ESG factors. 

LaSalle 2022–24 Real Estate Universe

Defining the Real Estate Universe

PUBLIC REAL ESTATE
The gross asset value of real estate owned by REITs and REOCs listed on public exchanges. Includes vertically integrated development companies in emerging markets but not exclusive homebuilders.

INSTITUTIONAL-INVESTED REAL ESTATE 
The unleveraged total value of all professionally managed real estate portfolios, both public and private.

TOTAL INCOME-PRODUCING REAL ESTATE 
Total commercial (office, retail, industrial, alternatives) and rented residential buildings. Owner-occupied residential homes are not included.