The 2023 edition of Emerging Trends in Real Estate® focuses on the long-term view of the real estate industry in the United States and Canada. The report highlights the normalization of the market, the shift of capital to other assets, the growing impact of climate change on real estate, and the need for smarter and fairer cities through infrastructure spending. The property type outlook for multifamily, single-family housing, industrial/logistics, office, retail, and hotels is also discussed. The report also covers emerging trends in Canadian real estate, including the period of price discovery amid major shifts, the critical issue of ESG performance, and the growing challenge of housing affordability. The report concludes with a list of markets to watch and expected best bets for 2023.
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