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Where CRE Investors Are Buying Next | PwC & ULI Emerging Trends in Real Estate| 

Andrew Alperstein, PwC

Higher rates, little new supply, and a market that rewards hard work. On this week's show, Michael Bull, CCIM sits down with Andrew Alperstein, Partner and Financial Markets and Real Estate Leader at PwC, to unpack Emerging Trends in Real Estate 2027, the 48th edition of the PwC and Urban Land Institute report built on more than 500 interviews and close to 1,000 surveys.

Only 50% of respondents rate the profitability outlook good or excellent, down from 65% two years ago, yet buy signals are among the strongest in years as assets trade below replacement cost. Andrew covers why senior housing leads the sector outlook, how AI is reshaping office demand, and why Dallas ranks No. 1 for the third straight year. Watch or listen at CREshow.com.

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Foreign investors still see the US as the market they cannot leave out, but where they are putting capital is changing. This week, Gunnar Branson, CEO of AFIRE, the Association of Foreign Investors in Real Estate, joins Michael Bull, CCIM to share what the mid-year Pulse survey of institutional investors from 24 countries reveals. Industrial and multifamily still lead the wish list, office has climbed to number 3, and for the first time a majority say energy shapes where they invest. Gunnar also explains why 90% see politics as a negative force while 94% are still thinking long term, why household stress is rising, and what it will take to build more affordable housing. Watch or listen at CREshow.com.

Retail sales have more than doubled since the global financial crisis, yet almost no new retail space has been built, and that gap is keeping occupancy at historically high levels.

This week on America's Commercial Real Estate Show, Tom McGee, President and CEO of ICSC, joins Michael Bull, CCIM to break down ICSC's forecast of $1.7 trillion in fourth quarter retail sales, up 4.3% to 4.9%, and why the top 10% of earners now account for 50% of all consumer spending. Tom also covers the strength of grocery-anchored open-air centers, what happens to dark drugstores, and how AI is changing the way people shop.

Foreign investors still see the US as the market they cannot leave out, but where they are putting capital is changing. This week, Gunnar Branson, CEO of AFIRE, the Association of Foreign Investors in Real Estate, joins Michael Bull, CCIM to share what the mid-year Pulse survey of institutional investors from 24 countries reveals. Industrial and multifamily still lead the wish list, office has climbed to number 3, and for the first time a majority say energy shapes where they invest. Gunnar also explains why 90% see politics as a negative force while 94% are still thinking long term, why household stress is rising, and what it will take to build more affordable housing. Watch or listen at CREshow.com.

Commercial real estate has moved from downturn into recovery, but the rising tide is not lifting all boats. On this week's show, Rich Hill, Senior Managing Director and Global Head of Real Estate Research and Strategy at Principal Asset Management, joins Michael Bull, CCIM to explain why this cycle rewards selectivity. US total returns have risen for about 8 consecutive quarters, yet the bottom quartile of properties has barely recovered. Rich covers the housing mismatch, build-to-rent under the ROAD to Housing Act, the comeback in power centers, and why 90% of office vacancy sits in just 30% of buildings. He also explains how to invest with the 10-year Treasury above 5%. Watch or listen at CREshow.com.