Emerging Trends in Real Estate at Global Outlook 2023

Real estate leaders once again find themselves dealing with an economic slowdown and financial crisis while addressing structural changes in the way people, live, work, and interact with the built environment. Discover the new trends which are emerging and what the industry can expect in the coming months, according to survey respondents of the Emerging Trends in Real Estate® Global Outlook 2023.   Chapter 1: Managing Expectations. Sentiment counts for a lot in business, although the real estate industry is extremely cautious about current market conditions, there are glimmers of hope for renewed investment activity following the uncertainty of 2022. Still, we are several quarters away from a fully functioning real estate market globally, says one global private equity investor and interviewee.   Learn about all the ways industry leaders are working through a gradual recovery, in sections titled, "Dealing with higher interest rates," "Price discovery--mind the gaps. Attention turns to lenders," and "Adapting to the new normal of high finance and low growth." Then take a deep dive into the key trends and talking points: "Make offices fit for purpose," "Leading logistics," "Retail revival?" and "Mixed outlook on cross-border recovery."   In this uneasy juxtaposition of short- and long-term challenges to real estate, the environmental, social, and governance (ESG) agenda has become the unifying thread that links everyone, regardless of sector.   Chapter 2: Carbon Pricing. The new emerging trend shaping 2023's global outlook. Money is a language that real estate professionals understand. By expressing carbon emissions in monetary terms and establishing a price on carbon emissions, will the industry reduce the amount of carbon emitted into the atmosphere?   A growing number of real estate players see carbon pricing as a significant weapon in their armoury as they attempt to decarbonise the built environment and play their part in tackling the climate crisis.   Carbon pricing is a complex issue, raising difficult questions about how to make polluters in a society pay in a way that changes behaviour, how governments can work together to solve common problems without hindering their economies and how to avoid penalising those least able to pay for energy or reducing emissions.   Emerging Trends in Real Estate® Global Outlook 2023 has undertaken one of the first deep dives into how carbon pricing is expected to affect the real estate industry’s efforts to decarbonise. Carbon pricing is no silver bullet, but it does have the potential to change the way companies think and act when measuring and reducing emissions from their portfolios.