By Paul Bubny | GlobeSt.
Six years of growth in US commercial real estate investment is now expected to give way to a contraction over the next three years. The Urban Land Institute said Wednesday that a survey of 48 real estate economists has predicted that annual transaction volume will decline to $475 billion by 2018.
A year earlier, the consensus survey was for three more years of investment growth. Six months ago, the view was slightly less bullish but still called for two more years of volume growth followed by a leveling off to $500 billion in the third year.