Given the reluctance of many investment groups to invest in corporate real estate at present, many quality assets in good locations remain available for sale. Its the same story for real estate development projects with significant numbers of innovative projects stalling. In short, we are seeing a lot of great off market property and developments for sale at very negotiable prices - especially across Europe and the US - but not a lot is happening.
Good deals don't just melt away in difficult times, but the competition does, thereby allowing the savvy investors to clean up at a premium. The herd will, of course, continue to sit on their hands, park their funds somewhere safe and dream of constructing the ideal portfolio when times are better. And more expensive. And more competitive.
Does the above describe what others are experiencing? Any ideas when investors might be returning to the CRE market in a more systematic way? All thoughts welcome.