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Richard Barkham, Global Chief Economist, Head of Global Research & Head of Americas Research for CBRE recently joined our own Jeannette Robinson to look at the current economy as a whole and, specifically, the current and future state of multifamily real estate.
Richard believes we are currently slipping into a recession in the US and we're not out of the recent period of rising rates. However, he expects that the moderate and, while inflation has been sticky, he expects that it will begin to ease in the second half of the year, followed by flat or even falling interest rates.
In terms of multifamily real estate, he feels that economic factors still favors multifamily and encourages investors with capital to be "ready to move". Richard notes that there's no shortage of capital ready to deploy on the sidelines and he believes we'll be entering a zone of "advantageous acquisition" that will have a very short window.
Richard leads a global team of nearly 600 research experts who help CBRE’s clients understand the forces shaping the commercial real estate industry.
One of the world’s leading real estate economists, Richard combines the theoretical framework of an academic with hands-on experience in development to deliver actionable insights for real estate investors and occupiers. A frequent source for both clients and journalists navigating moments of economic volatility, he is particularly interested in the role government stimulus plays in long-term economic recoveries.
Richard joined CBRE in 2014 as Executive Director and Global Chief Economist. He is also the Chairman of CBRE Econometric Advisors, a specialist real estate forecasting unit.
Watch his presentation in the video below.
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