Huber Bongolan

In Brief: CBRE Outlook for 2021 Sees Strength in Industrial, Data Centers, and Multifamily

Read: 11/2020, Source

  • All sectors will benefit from the widespread availability of a vaccine.
  • “Overall, we expect the real estate recovery—particularly the office sector—to lag the broader economic recovery by several quarters. This follows the pattern of previous cycles, but with the added complication of getting people back into the workplace,” said Richard Barkham, CBRE global chief economist and head of Americas research. 
  • “Two factors are essential for this recovery to take hold: a medical resolution to COVID-19 through a vaccine and other measures, and another fiscal stimulus package.”
  • In real estate capital markets, CBRE expects that the improving economy—alongside aggressive quantitative easing by the Federal Reserve—will hold values stable and, in some cases, put downward pressure on capitalization rates.
  • For now, a wide gap remains between buyers seeking discounts and sellers not willing to offer them, but this will narrow over the course of the year. 
  • Investors have about $300 billion earmarked for real estate investment, much of it in North America.

Published by CredibleCRE

Huber Bongolan has 9 years of experience in commercial and residential real estate finance. Mr. Bongolan has sourced $700+ million in debt and equity financing for land, construction, bridge, and permanent deals in all product types. Huber received a double bachelors, Business Economics and International Studies, from UC Irvine where he graduated Cum Laude. He then earned a double masters, MBA and MRED, with Program Distinctions, from University of Southern California. Mr. Bongolan is an Eagle Scout in the Boy Scouts of America, and holds leadership positions in both ULI (Urban Land Institute) and FIIRE (Filipinos in Institutional Real Estate). He enjoys competitive sports, mentoring youth, and teaching personal finance. Huber also enjoys writing about Real Estate trending topics and education. His blog posts can be found on https://medium.com/@huber_60971

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