As we put the finishing touches on our annual outlook report, Expectations & Market Realities in Real Estate 2013—Turn the Page, we are anxious to turn the page into a new year and a new era. There is still much uncertainty and many challenges ahead—the European debt crisis and slowing global growth, the unsustainable debt levels and fiscal policy discussions in the U.S., a slow-growing U.S. economy and lack of job growth, and heavy reliance on monetary policy, to name a few. We have come to the conclusion that 2013 may not be much brighter or better than what we have been through during the past few years, but we look forward to putting the past behind us and getting on with it.
Although there are no guarantees and there are elements of risk with any investment, we generally agree that despite the uncertainty and challenges still ahead, commercial real estate appears to be positioned relatively well.
We —Real Estate Research Corporation (RERC), Deloitte, and the National Association of REALTORS® (NAR)— are pleased to present our research, overview, and outlook to you. Thank you to everyone who has contributed to this report, especially our researchers and data providers, economists, business associates, research survey respondents, and the many others who have shared their insights and observations. We also thank you —our clients, subscribers and membership professionals, and consultants— for your interest and support of this report. We hope you find Expectations & Market Realities in Real Estate 2013 — Turn the Page helpful in reaching your investment objectives.
Source : Deloitte