As everyone tries to make sense of the next cycle of the real estate industry post-pandemic, Matt is joined by Richard Barkham, Global Chief Economist & Head of Americas Research at CBRE, to discuss how COVID has affected various sectors of CRE. Richard provides his outlook sector-by-sector, including high-growth for both multi-family and industrial. He shares a balanced view on retail, given the need for various retail products like grocery and entertainment, and discusses the continued uncertainties and transitions in the office sector. Following, Richard shares his career journey in his unique senior-leadership position of real estate research and how his insights provide strategic direction for the largest global commercial real estate services company.
Richard is a specialist in macro and real estate economics. He joined CBRE in 2014 as Executive Director and Global Chief Economist. Prior to taking up his position with CBRE, Richard was a Director of Research for the Grosvenor Group an international business with circa $10bn of capital under management in real estate. He was also a non-Executive Director of Grosvenor Fund Management where he was involved in fund strategy, risk analysis and capital raising. Richard is the author of two books and numerous academic and industry papers. In 2012 he published ‘Real Estate and Globalisation’ (Wiley Blackwell, Oxford), which explains the impact on real estate markets of the rise of emerging markets such as China and Brazil. He has extensive consulting experience and is a Visiting Professor in the Department of Construction and Project Management at the Bartlett School, University College London. He holds a PhD in economics from the University of Reading where he taught, in the Departments of Economics and Land Management, between the years of 1987 and 1998.