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LaSalle Advises Mix of Offense and Defense in 2020 Investing
The U.S. and Canadian real estate markets are projected to remain stable in 2020, as both economies are expected to continue to grow, says LaSalle Investment Management in its Investment Strategy Annual (ISA) 2020. However, the ISA recommends a combination of agility and pragmatism for investors this coming year, with a strategic balance of offensive and defensive positions in their real estate portfolios.
“After 10 years of unprecedented growth following the Global Financial Crisis, we anticipate that the next few years will bring more headwinds to the world’s real estate markets due to a progressively slowing global economy, ongoing trade and treaty disagreements, divisive domestic politics, high asset valuations and disruptive technology,” said LaSalle’s global head of research and strategy, Jacques Gordon.
He added, though, “we do not expect the generally positive current environment to quickly deteriorate due to a mix of macro tailwinds.”
Pictured: LaSalle’s headquarters at 333 W. Wacker in Chicago.
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- ◦Economy
- ◦Sale/Acquisition
