This article was written by Catherine Davies-Nelson, a student in the UST MS degree in Real Estate.
Early January, Integra Realty Resource (Integra) served as a co-sponsor of the 2012 Real Estate Outlook.
At the event, Integra presented their comprehensive data detailing market conditions and forecasts as presented in the organization’s outlook Viewpoint 2012. The panelists, who consisted of local and national experts in the areas of office, retail, multi-family and industrial real estate, discussed Integra’s findings and issues surrounding each of the 4 commercial sectors.
As depicted on the graph below, the CRE cycle as presented by Integra has 4 main cycles/phases termed Recovery, Expansion, Hypersupply, and Recession. There are 3 stages (Stages 1, 2, and 3) with each market phase. The 1st stage indicates the entry of the new phase, and the 3rd stage indicating the near exit of the phase.
(Click here to Download a copy of Viewpoint 2012)
These four main phases of the RE cycle are defined by Integra are as follows: (more…)