2007-2017年写字楼物业的经济基本面和REIT投资组合的变化

Alexandra Thompson
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引用次数: 0

摘要

门户城市历来是机构投资者投资写字楼的重点。然而,自金融危机以来,与门户城市相比,其他城市的写字楼市场需求更大,入住率也在上升。通过将投资组合活动转移到二级市场,而不是传统的门户市场(后者构成了REIT投资组合的大部分),REITs已将自己定位为受益于二级市场的相对优势。包括人口和就业增长在内的经济基本面支撑了这些城市办公楼市场的表现。房地产投资信托基金似乎利用了他们对当地市场状况的了解,以预测写字楼市场基本状况的这些变化。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Economic Fundamentals for Office Properties and Shifts in REIT Portfolios 2007-2017
Gateway cities have historically been the focus of institutional investors in office properties. Since the financial crisis, however, office markets in other cities have enjoyed greater demand and rising occupancy rates relative to those in gateway cities. REITs have positioned themselves to benefit from this relative strength in secondary markets, through a shift in portfolio activities to these markets rather than the traditional gateway markets that constitute the bulk of REIT portfolios. Economic fundamentals including population and employment growth have supported the performance of office markets in these cities. REITs appear to have taken advantage of their knowledge of local market conditions in order to anticipate these changes in fundamental conditions in office markets.
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