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2023 Global Investor Outlook

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2023 Global Investor Outlook

Our third annual Global Investor Outlook report explores investor sentiment, asset class preferences, opportunities and strategies in 2023. Our findings are based on numerous in-depth interviews with our Capital Markets experts and survey of more than 750 investors around the world.

After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, Colliers anticipates the process of stabilization of the global real estate market to take hold by mid-2023. Investors can expect big differences in how the reset plays out across sectors and markets next year.

Global key themes:

  • The journey so far suggests global real estate market stabilization to take hold mid-2023. But the velocity and timing of stabilization, repricing and recovery will differ across markets and sectors, creating multiple investment opportunities.
     
  • Pockets of opportunity exist amidst the current reset as the negative impact on capital values will cause distress among some funds and assets that require re-financing.
     
  • Understanding and managing rising cost pressures is critical. 85% of investors said rising construction costs have the most negative influence on their ability to pursue their investment strategies, followed by higher asset operating costs (77%).
     
  • Core assets to prevail but non-core will be a source of some distress. 60% of global investors prefer asset classes in established, larger cities, but changing demographic and economic realities are luring them to second- and third-tier growth cities.
     
  • Sustainability is driving decisions as the threat of stranded assets looms. 17% of investors are activating a capital improvement, disposal or acquisition strategy that incorporates ESG considerations, up from 10% in 2022.
     

2023 Global Investor Outlook

2023 Global Investor Outlook

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For More Information, Please Contact:

Lucas Atkins

President, Capital Markets | Canada

Toronto Downtown

Lucas brings over 25 years of experience in real estate, including investment banking, private equity, business development, mergers and acquisitions, development and equity and debt capital raising to Colliers. Over the course of his career, he has been involved in over $50 billion of real estate transactions across a variety of real estate asset classes and has assisted in raising over $50 billion in public, private and joint venture capital, and cross border financing activities.

His expertise in commercial real estate and strong relationships established over many years reinforces Colliers' industry-leading position in Canada. 

Working across business lines and borders, Lucas drives the strategic vision of Colliers’ Capital Markets.
 

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Adam Jacobs

Head of Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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Leo Lee

Director, National Research Operations | Canada

Toronto Downtown

Leo Lee is the Director of National Research Operations | Canada and oversees the strategic direction and operations of Colliers Canada Research. He focuses on developing the capabilities of the national research team that leverages Colliers' best-in-class market intelligence and platforms to provide clients with valuable market insights.

Leo joined Colliers International in 2008 and was most recently the Regional Director of Research for Eastern Canada.

He has over 15 years of experience in the real estate market across Canada and New Zealand and draws on his professional experience as a commercial appraiser and real estate consultant.

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