Nareit's REIT Report Podcast
Episode 437: CBRE’s Richard Barkham Sees New Real Estate Cycle Emerging in 2025
Jan 30, 2025
Richard Barkham, chief economist at CBRE, shares valuable insights on the emerging real estate cycle expected in 2025. He forecasts GDP growth around 2.3% for this year, signaling lower vacancy rates and rising rental growth. Barkham highlights a positive investor sentiment driven by past inactivity and a strong economic outlook. He also discusses trends across various real estate sectors, noting the resilience of retail and multifamily spaces. The thriving data center market fueled by cloud computing presents new opportunities as American cities revitalize.
16:54
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Quick takeaways
- The economy is poised for a new real estate cycle in 2025, marked by declining vacancy rates and growing rental prices.
- Investor sentiment is optimistic, driven by strong GDP forecasts and a pent-up demand for portfolio adjustments after years of inactivity.
Deep dives
Positive Economic Outlook for 2025
The economy is projected to experience a GDP growth of approximately 2.3% in 2025, driven by strong consumer spending and corporate earnings. Several factors contribute to this positive outlook, including solid balance sheets within the consumer sector and robust real income growth. Although some areas are facing challenges due to higher prices, overall consumer sentiment remains strong, which will support corporate profitability. This economic momentum is expected to enhance the labor market as well, signaling the potential for a favorable year ahead.
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