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Valuation of Office and Retail Assets Continues to Fall, According to CBRE

On the other hand, the valuation of logistics assets rose by 1.14% in the first nine months of the year, while residential rental assets increased by 1.03%, consolidating their position as safe-havens.

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Investor appetite for warehouses and rental housing continues, to the detriment of retail and offices, as reflected in asset valuations. This state of affairs is expected to persist, at least while the storm unleashed by the pandemic subsides.

As the vice-president of CBRE Spain, Javier Kindelan, pointed out on Thursday, “the total drop in total investment is a consequence of the limitations on the execution of operations due to the restrictions of the pandemic, not a lack of investor appetite.”

Kindelan and other executives at CBRE presented the CBRE Index data for the first quarter of 2021 at an online press conference on Thursday. The tool analyses the valuations of real estate assets belonging to listed companies.

Read the full article in Spanish

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