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THINK US Cities: Trends and tactics Q1 2018

US cities

Our latest US research predicts investment volumes for US real estate will be in line with those of 2017, and we believe Los Angeles, Chicago and New York will be the 'cities to watch' in 2018.

Our report highlights that the US real estate market is poised for another year of positive performance, with core unlevered real estate total returns expected to range between 5% and 6% in 2018. Despite an increase in vacancies, retail conditions have improved with unlevered property returns averaging 5.7% for 2017 in the US. Strong secular trends in e-commerce sales and omni-channel retailing will continue to drive demand for warehouse space as the retail and industrial sectors remain buoyant investments. 

Los Angeles was the largest US commercial real estate market in 2017 with over $28bn worth of sales transactions. Based on 2017 performance and shifting megatrends, we have identified Los Angeles, Chicago and New York as the 'cities to watch' throughout 2018.

 

THINK US cities - Trends and tactics Q1 2018  Download the full report

 

 

Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. TH Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisors LLC a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, member FINRA. 437363-G-INST/MED-O-03/19

Melissa Reagen

Melissa Reagen

Head of Research, Americas

Melissa's biography