John Knowles, head of capital advisory at Colliers, believes the next 12 to 18 months will be somewhat of a curate's egg, "good and bad in parts".
Speaking on a bonus episode of CoStar News' Top CREdentials podcast, Knowles, who has worked at the consultancy for more than 12 years, says "black swan" events are creating constant uncertainty for markets across the globe. Despite this, he argues opportunities remain.
"Even over the last five years, when we have been in choppy sailing conditions, there have been bright spots in that market... where different sectors have performed quite well, whether that has been industrial or whether that has been parts of the living market. I think you will continue to see that, there will be pockets of where the market goes really well."
He adds: "Set against a general uplift, the market is undoubtedly better, the supply and demand dynamics in many sectors are such that things needs to happen, and need to be built and need to be refurbished, so there will be some good parts in that."
You can also listen to this episode on Apple Podcasts and Spotify using the links here:
In the episode, Knowles discusses the early years of his career leasing offices in Hong Kong, highlighting the fast pace at which he saw transactions complete in East Asian markets. He also explains why regional offices in the UK are becoming an attractive proposition and why he continues to enjoy working on the agency side of property. You can listen to all episodes of the Top CREdentials podcast on Apple Podcasts and Spotify, or find them on this landing page.
