A mid-year update: CRE outlooks for Asia Pacific and US
Date: 16 July 2024
Real estate markets in Asia Pacific have been relatively resilient over the past two years. Although values remain under some downward pressure, the pace of declines has slowed notably with many seeing the bottoming out of the market fast approaching. Meanwhile, in the US, a pricing correction provoked by rising interest rates is showing signs of coming to a close. We explore what H2 2024 holds for US and Asia Pacific commercial real estate and where the opportunities are as we head into 2025.
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Abigail Rosenbaum
Associate Director, Real Estate Economics
+1 (978) 771-3860
Abigail Rosenbaum
Associate Director, Real Estate Economics
Boston, United States
As a member of the REES team at Oxford Economics, Abby brings 20 years’ worth of experience to the study of the real estate industry. At Oxford Economics, she focuses on real estate trends for the five major property types in the US and Canada. The crux of her forecasting and analytic real estate background comes from her decade long career at CBRE Econometric Advisors where she was in charge of metro-level forecasts and analysis for the retail and hotel sectors in the US. She has also worked at Barings and UBS where she was an integral member of their research teams.
Abby holds a bachelor’s in mathematics from Union College and a master’s in economics from the University of Connecticut.
Nicholas Wilson
Associate Director, Real Estate Economics, Asia
+65 6850 0129
Nicholas Wilson
Associate Director, Real Estate Economics, Asia
Singapore
Nick joined Oxford Economics in July 2022 to lead the Real Estate Economic Service (REES) for Asia Pacific. Nick is responsible for researching, forecasting and analysing commercial real estate trends across all major markets and sectors in the region. He has over 12 years of experience researching and advising clients on commercial real estate strategies, covering direct, indirect and listed markets. Nick holds a Masters (MSc) in Finance from the University of Ulster, United Kingdom and a Bachelor of Business (majoring in Real Estate) from the University of Queensland, Australia.
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