McCulloch on Outlook for Real Estate 2015
At an IMN Real Estate Forum, Andy McCulloch shares his view on commercial real estate fundamentals and values from a macro perspective. Green Street sees healthy fundamentals and supply growth below long-term averages in most sectors. Andy spoke about oil prices and the Houston property market, as well as trends in retail real estate. According to Green Street, about 15% of malls, mainly in the C and D space, will go dark over the next 10 years.