For three days, Expo Real in Munich was once again all about the market for commercial and investment real estate. On Friday, October 6, the most important European trade fair for the sector came to an end. Engel & Völkers Commercial was there again in 2023 with a large stand and a good 100 consultants on site. At the stand, countless conversations were held, business was initiated, and trends, challenges and the current situation were debated. Expo Real proved once again this year that it can provide orientation in volatile times and point to possible solutions.
The general tenor: Of course the global economy influences the commercial real estate market - but changes bring opportunities. Even if this saying is now suspected of being a commonplace, there is a lot of truth to it. If a real estate group that wants to sell a portfolio does not currently find a buyer for the entire package, the properties are marketed individually. This in turn offers private investors the opportunity to acquire interesting properties that they could not have afforded in the portfolio. Or keyword yield: If purchase prices for multi-family houses fall while rents rise at the same time, the purchase price factors are also reduced - which in turn leads to a faster amortization of the investment.
Three of the major topics in the accompanying conference program of the trade fair were decarbonization, digitization and renovation as well as expansion of existing buildings. Current tasks such as the development of care properties, the transformation of city centers and the future of office space were also the focus of several discussion rounds and presentations. The industry is aware that the issues are pressing and that a transformation (one of the buzzwords of the fair) must come quickly. (6.10.23)
Did we miss each other at the show? Do you have questions about the commercial and investment real estate market? We look forward to hearing from you.
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