With uncertainty comes opportunity, and plenty of it in the case of the US. Against a backdrop of socio-political turbulence, the real estate industry has been battling continued headwinds with return to office numbers lagging expectations and restrictive monetary policies further increasing the pressure on landlords and developers.
This hostile environment has seen the majority of investors take a more risk-averse, defensive stance, looking to reduce costs where possible rather than committing capex to anything other than what is mission critical in the short term.