CBRE: Global Recovery Hits Stride; Full Rebound Years Away
The global economic recovery has begun to hit its stride in most regions, and strong gains are forecast for investment in sectors including industrial & logistics and multifamily according to CBRE’s 2021 Global Midyear Market Outlook.
COVID-19 variants, rising global debt and the possibility of sustained high inflation are the key risks to the economy and commercial real estate over the next 12 months. Still, CBRE forecasts that the economic momentum from pent up-demand, government stimulus and reopening will eclipse those factors.
“The global recovery is well underway, but it will take several years for some sectors to approach or return to their pre-crisis levels,” said Richard Barkham, CBRE’s global chief economist and head of Americas research. “Concerns about inflation likely will cause some market volatility, but we anticipate that central banks won’t need to raise interest rates in the next 12 months.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).