Longer-form thinking on where the market goes.
276 white papers
showing 181–240 of 276
Analysis of self-storage supply-demand dynamics, valuation reset, and operational opportunities shaping the investment thesis for the sector.
From Mark Fitzgerald at Affinius Capital: the rapid expansion of cloud computing and artificial intelligence is driving one of the largest digital infrastructure investment cycles in modern economic history. The post The US Data Center Market: Powering the US Economy appeared first on AFIRE .
Examines how hospitality operations have shifted toward standardized, technology-driven service models and proposes island destinations be evaluated as integrated economic platforms rather than standalone properties.
Analysis of how major sporting events impact urban development and hospitality markets, examining transformation effects on cities.
Explores how next-generation island destination communities should be structured as integrated economic platforms rather than traditional hotel-plus-real-estate models, with resorts functioning as broader economic infrastructure.
Analysis of artificial intelligence applications and effectiveness across hospitality properties in Asia, distinguishing between genuine implementations and marketing claims.
Hospitality industry perspective on integrating sustainability into financial and risk management functions, driven by rising insurance costs and fiduciary obligations.
Examines data ownership and control issues for hotel operators in Asia Pacific, challenging common assumptions about who owns guest profiles, booking histories, and operational records.
Knight Frank examines investment opportunities across prime office assets, undervalued properties experiencing repricing, and sectors positioned for structural growth.
Knight Frank examines investor sentiment and capital allocation strategies toward direct commercial real estate opportunities in the coming year.
Knight Frank analysis examining how investor hurdle rates are shifting in response to market complexity and risk dynamics entering 2026.
Knight Frank examines capital deployment strategies across real estate markets, focusing on defensive positioning, opportunistic entry points, and partnership models.
An analysis of middle market direct lending opportunities in real estate, examining advantages and common misperceptions in the alternative lending space.
BNP Paribas Real Estate explores how real estate stakeholders can adopt customized strategies to enhance social value creation within ESG frameworks.
Research examining industrial real estate through the lens of economic globalization, outsourcing, and transnational property dynamics using global economic base theory.
JLL explores engineering, nature-based, and AI-powered solutions for building climate resilience across real estate assets.
Explores how real estate sectors and investment strategies are adapting to artificial intelligence adoption and the fifth industrial revolution.
Newmark analysis examining retail transformation and evolution across major shopping districts in three global cities.
CBRE examines the intersection of high-performance computing, life sciences research, and artificial intelligence as drivers of real estate demand and innovation infrastructure.
CBRE examines sustainability drivers and practices within the holiday parks sector.
Higher interest rates have triggered a substantial revaluation across real estate markets, yet underlying sector fundamentals remain resilient.
Quick take on the rising importance of capital expenditure, particularly AI-related investment, in shaping inflation dynamics.
Examines reasons for institutional investors to consider real estate debt, the second largest of real estate's four quadrants at ~$4.5 trillion in the US and Europe.
Whitepaper modeling four AI-adoption scenarios and how AI widens dispersion of outcomes across markets, property types, asset quality, and strategies.
Nareit market commentary on diversifying across global REIT regions and property sectors, with data as of Nov. 30, 2025, framing 2026 allocation opportunities.
MSCI analyzes how booming data-center development conflicts with investors' climate commitments, quantifying construction-stage carbon and renewable-procurement strategies.
Altus Group on proptech's move from AI hype to the application layer: point solutions deliver measurable time savings while broader strategic/financial impact remains unproven.
Portfolio-manager discussion of REIT performance drivers, subsector opportunities (data centers, senior housing, medical office) and REITs as a diversifier for tech-heavy portfolios.
Five sustainability drivers reshaping real estate value; retrofit rates must rise more than fivefold globally to meet 2050 net-zero, with efficiency unlocking 25-50% revenue upside.
CBRE research on integrating climate-risk assessment with business strategy to drive value creation in commercial real estate amid expanding disclosure requirements.
Altus Group on proptech's shift from nice-to-have to ROI-driven essentials, with operator-validated case studies (Twin-Knowledge, Whale) and tech-stack consolidation trends.
CRETI on the structural shift in proptech capital: debt and structured late-stage rounds supplementing/replacing venture equity, with continued VC interest in AI workflow tools.
Janus Henderson PMs argue listed real estate fundamentals stay sound amid 2025 tariff/economic turbulence, aided by contractual cash flows and high construction costs.
JLL Spark research mapping the gap between what CRE users demand from AI (predictive analytics, tenant-experience tools) and what proptech developers supply; 90.1% plan to run CRE with AI supporting human experts.
JLL overview of its proptech stack: smart-building management, AI for market prediction, cloud asset management and AI-based energy management across 80+ countries.
ULI Europe systems map and report identifying 12 intervention areas to decarbonize existing and new affordable housing across Europe.
Hines' inaugural Climate Strategy Report detailing its 2040 net-zero operational carbon target and climate-risk management approach across its global real estate portfolio.
JLL guide on why sustainability is essential for real estate investors: buildings drive ~40% of global carbon emissions, raising stranded-asset and green-lease considerations.
Five-pillar framework for real estate decarbonization, noting nearly 60% of global RE CFOs lack the data and controls to comply with current environmental regulations.
Five strategies for embedding sustainability into CRE capital planning and operations, noting ~40% of global CO2 emissions come from commercial real estate buildings.
JLL Research on AI's implications for CRE: market impact, AI firms as occupiers, and industry adoption; ~700 AI-powered RE tech firms at end-2024.
Lifecycle approach to cutting operational and embodied carbon in construction and real estate, which together generate more than 37% of global carbon emissions.
Cushman & Wakefield feature on its Fifth Wall proptech partnership, arguing firms should adopt existing market technology and collaborate industry-wide rather than build proprietary tools.
Five current infrastructure investment trends spanning energy security, AI and broadening investor access routes.
Melbourne's CBD office vacancy stood at 19.7% as of Q1 2026, but JLL analysis distinguishes between frictional, entrenched, and structural vacancy, identifying approximately 4.0% of secondary stock as structurally vacant and 6.0% of prime stock as entrenched vacant, suggesting only 9.7% of the headline figure represents genuinely competitive space. The research attributes elevated vacancy primarily to supply-driven factors, with 675,000 square meters of new office space completed between Q1 2020 and Q1 2026 (12.5% of total stock), and identifies building obsolescence as a key driver, with older assets from the 1980s or earlier representing 58.4% of secondary stock and containing 120,500 square meters of structural vacancy concentrated in the Western Core precinct.
Bangkok's property market faces emerging distress in completed, occupied buildings showing persistent vacancy and deferred maintenance, concentrated in 1990s office stock, early-2000s retail formats, and aging condominiums. The market differs from the 1997 Asian Financial Crisis in that buildings are finished and titled, but Thailand's outdated legislative framework lacks mechanisms for repurposing or collective redevelopment, unlike Singapore, Hong Kong, Japan, and South Korea, which enable streamlined asset repositioning through supermajority sales or regulatory flexibility.
A JLL research article examines education-driven structural demand for Hong Kong residential property from mainland Chinese families, distinguishing this sustained factor from cyclical investment demand and attributing it to Hong Kong's more accessible university system compared to mainland China's highly competitive Gaokao examination. The article projects that purpose-built student accommodation demand will create a supply gap widening from 76,000 beds in 2025/26 to 147,000 beds by 2029/30, and notes that Top Talent Pass Scheme households purchasing property increased from 5% at admission to 13% at renewal, representing an estimated 2,000–3,000 unit purchases annually.
Singapore shophouses combine heritage preservation with operational flexibility, functioning as urban infrastructure that enables street-level activation through their physical design of narrow frontages, shallow depths, and covered walkways that sustain pedestrian engagement in districts like Joo Chiat Road and Duxton Hill. Since the 2022 peak, the shophouse market has shifted to reward selectivity over momentum, with capital flowing to assets where location strength and tenant composition align, while examples such as 21 Carpenter, The Working Capitol, and Temasek Shophouse demonstrate how conserved shophouses adapt to modern uses including hospitality, coworking, and social-impact programming, offering investors diversification and reduced single-user exposure.
While LEED has dominated US green building certification for over two decades, alternative certifications are rapidly gaining adoption for specific ESG priorities: Fitwel for health and wellness at lower cost, ILFI Zero Carbon for verified net-zero operations, RELi for climate resilience, and BREEAM or ARC for portfolio-level tracking. Market leaders now employ multiple certifications simultaneously rather than relying on LEED alone, reflecting a shift from static design-based ratings toward dynamic operational certifications that deliver measurable ESG results.
Bangkok's parking costs typically represent 15–25% of total construction costs in developments, and the city's mandatory parking ratios exceed those of Singapore fivefold and Seoul nearly threefold for comparable commercial projects, despite empirical evidence that 90% of condominiums in the Bangkok Metropolitan Region already exceed legal minimums. Bangkok's 2027 comprehensive plan will allow developers to reduce parking requirements by up to 25% for projects near designated rail stations and prioritizes transit-oriented development, but market demand—evidenced by luxury condominiums providing 110% of required parking—may hinder adoption as consumers remain deeply attached to abundant parking provision.
Recent CRE capital flows have declined significantly due to heightened interest rates, market uncertainty fueled by trade tariffs, and US governance challenges. What does this mean for the dynamics of capital flows into the US? The post Clarifying Vision: Exploring the Dynamics of Slowing Capital Flows appeared…
There has been a longstanding perception that an investment in affordable housing could not generate alpha, but new economic forces are turning a social challenge into a compelling institutional opportunity. The post Beyond Motivation: Why Invest in US Affordable Housing? And Why Now? appeared first on AFIRE .
Amid an extended period of uncertainty, mission-critical triple-net lease (NNN) investing has emerged as a compelling strategy, offering predictable income, contractual rent escalations, and insulation from expense inflation. The post Inflation Fighters: The Case for Mission-Critical NNN appeared first on AFIRE .
There’s a quiet revolution underway in on-site solar and batteries. What is it and why should commercial real estate investors should pay attention? The post Solar Wave: Community Solar is set to Transform Lease Income appeared first on AFIRE .
What began as a municipal policy tool for energy upgrades has matured into an institutional credit product embedded directly in the capital stack. The post How C-PACE (and Stretch PACE) are Rewiring Global Real Estate Finance for the Energy Transition appeared first on AFIRE .
Berkshire Residential Investments weighs the pros and cons of private apartment equity and private debt and asks - why not both? The post Private Apartment Equity or Private Debt: Comparing Investment Performance of the Two Quadrants appeared first on AFIRE .
Put and Call options on REITs provide forward-looking risk indicators that incorporate both historical property sector trends and views on the outlook. The post REIT Puts and Calls: Public Market Signals for Private Real Estate Investors appeared first on AFIRE .
Scott Crowe of RXR talks about the "less obvious bull market" currently unfolding in one of the most overlooked sectors: New York City office. The post NYC Office Recovery: Repricing Physical Infrastructure in the Age of AI appeared first on AFIRE .
Donal Warde, Richard Cadena and Wenpeng Ding discuss how supply, inventory, and long-term demand drivers are elevating the NYC rental market. The post The Complexity Premium: Leveraging the Alpha Opportunity in Regulated Gateway Cities appeared first on AFIRE .
Stewart Rubin and Marshall Swett of New York Life Real Estate Investors explores how tariffs they could signal a fundamental departure from the longstanding US commitments. The post Trade Winds Redrawn: US Tariffs and Commercial Real Estate appeared first on AFIRE .