Office vacancy has reached a record high for properties in central business districts. Forms of compensation to attract people back to offices could include improved mass transit and reduced travel time.  

Cities that ride booms and busts in commodity prices have in the past achieved strong outperformance in commercial-property returns during booms. Has the recent surge in commodity prices had a similar impact on returns? 

Amid the growing usage of sub lines across private capital funds, we explore how intensively funds draw on their sub lines — a critical determinant of how sub lines will affect internal rates of return.

Student housing continues to evolve as a distinct asset type. The sector outperformed the rest of the U.K. residential sector as well as the retail and office sectors over the three, five and 10 years ending December 2022.

Investment performance is measured using transaction prices in most asset classes. But real estate is illiquid and heterogeneous, so valuations and sales prices can differ. Our annual report compares valuations and sale prices in global real estate. 

We estimate the size of the professionally managed global real-estate market in 2022, explaining the changes in this investment universe since 2021. We find that while the size of the global market declined, the dominance of the U.S. increased. 

Private capital funds have grown increasingly comfortable utilizing subscription lines of credit, though usage varies. We examine their deployment across venture capital, buyout, real estate and debt funds. 

Higher lending rates have hobbled commercial-property investment in one of Europe’s larger markets. We use multiple data sets to assess the impact on listed companies and the trading of assets.