Amidst Continued Political Uncertainty, North America Real Estate Remains Stable
Real estate market fundamentals in North America performed in line with expectations during the first half of 2017, with a few variations – primarily in the U.S. – stemming from the pace of change within the retail sector, the sharper-than-expected slowdown in transaction volume, along with the sustained political turbulence and slower-than-expected progress on key policy initiatives. According to LaSalle Investment Management’s Mid-Year Investment Strategy Annual 2017, the U.S. and Canadian real estate markets continue to attract investor interest despite these trends.
The Mid-Year ISA also reinforces the case for adding environmental factors to the DTU (demographics, technology and urbanization) secular drivers of real estate demand. LaSalle does not see the U.S. pull-out from the Paris climate treaty affecting the long-term importance of these “E-factors.”
LaSalle clients can view the full report HERE.