How beach body ready are you?

摘要

The next major end-of-cycle crash in commercial property values will almost certainly not happen for some time. But if I am wrong and the crash is imminent, the way the market is behaving is very definitely different this time. It is not at all clear that the industry recognises the breadth and magnitude of the structural changes in commercial real estate (CRE) and their consequences on the behaviour of property through the cycle - on investment decisions, financial returns and the skills, resources and business models required to succeed in tomorrow's industry.