April 22, 2005—The coming year will produce higher interest rates, a sluggish office market and continued ambiguity about job growth, according to Emerging Trends in Real Estate, a trends and forecast publication undertaken jointly by the Urban Land Institute and PriceWaterhouseCoopers.
The report reflects the views of more than 500 individuals who completed surveys or were interviewed. They included investors, developers, property companies, lenders, brokers and consultants.
Respondents believe the low interest rates of the last few years will soon be a thing of the past, and that the offices will underperform other property sectors.
For more information, visit the Urban Land Institute Web site.
