CBRE Investment Management
The latest research and outlooks in the ProAllocate library
- Private Markets
The U.S. Net Lease Advantage
CBRE Investment Management argues net lease real estate—where tenants bear operating costs and capex—has outperformed broader REITs with higher yields and lower volatility over 30 years. It estimates the US net lease market at $400-450bn, with trillions more in convertible owner-occupied assets via sale-leasebacks.
- Private Markets
Infrastructure Quarterly: Q3 2026
CBRE Investment Management's Q3 2026 report finds private infrastructure delivered resilient, inflation-linked returns despite geopolitical disruption, with capital increasingly concentrated in AI-driven data centers, power generation and renewables. Fundraising, secondaries activity and institutional allocations to infrastructure are all rising as the asset class matures.
- Private Markets
Diversity in Living Portfolios Unlocks Performance
CBRE Investment Management argues that European institutional investors' home bias in residential real estate creates opportunity costs, given wide return dispersion, low cross-market correlation and regulatory risk across the continent. It recommends pan-European diversification, including higher-growth markets like Spain, Ireland and the UK, to boost alpha and reduce volatility.
- Private Markets
U.S. reindustrialization and AI reinforce each other while competing for shared resources
CBRE Investment Management argues that concurrent US reindustrialization and AI infrastructure buildouts compete for the same scarce power, land, equipment and labor, making secured capacity more valuable than announced pipelines. Returns will favor sponsors able to control or resolve bottlenecks rather than passive thematic exposure.
- Macro
Chart of the Week
CBRE Investment Management revises central bank forecasts to reflect a Middle East energy shock, expecting temporary tightening across major markets before rate cuts resume once oil shipping and prices stabilise.
- Private Markets
U.K. Single-Family Housing: The Institutional Opportunity at a New Frontier
CBRE Investment Management argues UK single-family rental housing offers some of the highest forecast returns in UK real estate, driven by chronic undersupply and demographic demand rather than yield compression. Institutional ownership remains at just 1-3%, well below Europe and the US, signalling significant scope for further investment.
- Macro
Macro House View Q3 2026
CBRE Investment Management's Q3 2026 outlook keeps oil, gas and inflation forecasts largely unchanged despite a collapsed Iran ceasefire, but turns more hawkish on U.S., U.K. and Japanese rates while cutting Australian rate expectations amid a housing correction.
- Private Markets
Value creation under resource constraints
CBREIM argues that APAC real asset returns now depend on underwriting local execution constraints—land, power, labor, financing—rather than broad structural demand themes like demographics, digitalization and decarbonization. It favors selective exposure via contracted income, disciplined entry pricing and workload-specific underwriting over generic thematic allocation.
- Private Markets
Europe’s strategic autonomy imperative is an infrastructure delivery challenge
Europe's infrastructure agenda is shifting from cost and decarbonisation goals toward strategic autonomy, prioritising energy security, digital sovereignty, defense readiness and supply-chain control. Private capital is needed to fund assets with contracted, essential-service revenues that serve multiple strategic priorities simultaneously.