Real estate 2022 outlook

While our five key themes for 2022 have been shaped by the events of the pandemic, we have seen their influence before. We expect they will have a strong bearing on 2022 and for their effects to remain with us for much longer.

Highlights

1. Another year of known unknowns

   The importance of the immediate macroeconomic environment cannot be underestimated. Two years into the pandemic, the global economic outlook is less cloudy, but perhaps no more assuring.

2. Differences in office culture around the world

   The prospect of a future hybrid working model challenges both the amount and distribution of office floorspace.

3. An end to performance divergence among property types

   Investors will need more than a sector-focused strategy with the outperformance of logistics and retail’s underperformance unlikely to persist.

4. Be prepared to be surprised

   More than just expect the unexpected; even the anticipated trends will surprise with their speed and impact on real estate.

5. Tomorrow’s world showing up in today’s investment decisions

   Structural changes in demographics, technology and sustainability, which sit at the core of Nuveen Real Estate’s tomorrow’s world investment strategy, could be the big performance differentiator in the decade ahead.