This course is designed to help real estate professionals evaluate property investments in terms of better understanding the economic factors that drive real estate markets. Real Estate rents, vacancy and prices are all determined by the operation of selected economic markets. The course examines those markets and how they determine property fundamentals.
The course distinguishes between the markets for real estate space (occupancy) and the market for real estate investment (capital). It goes on to evaluate the impacts of global, macro and local market forces on both.
The course covers many current issues in real estate. These include the recent and continuing housing “crisis”, the globalization of real estate capital and its impact on pricing, technology and the changing spatial structure of cities (what this means for location decisions), the evolution and increasing scale of real estate development.