RESEARCH • 27 September 2022

The NEO Economy

The past decade has been transformational for real estate, with rapid changes in demography, technology and society driving change in the industry. Consequently, our ideas about what is core and what is niche, what is traditional and what is alternative, have been changing.


The best-known sector with a changing status has been industrial and logistics, no longer viewed as a business cost, but an asset class that is income generating and value accretive to both investor and the end-user. This change has happened swiftly over the last decade. In the post-pandemic environment, a sector like life sciences is moving into the mainstream, while – arguably at least – retail is moving out of it.

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