> For the complete documentation index, see [llms.txt](https://vestate-1.gitbook.io/vestate-or-ai-powered-smart-proptech-solutions/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://vestate-1.gitbook.io/vestate-or-ai-powered-smart-proptech-solutions/real-estate-market-analysis/global-real-estate-outlook.md).

# Global Real Estate Outlook

**Real estate continues to be, far and away, the largest asset class in the world. It accounts for two-thirds of global net worth and still dominates modern wealth.**

#### **Investment Trends:** 

We're entering a period of robust growth in global real estate investment, projected to reach $1.7 trillion in the latter half of 2023. This signifies a vibrant market, ripe for innovative solutions like VESTATE.

#### Rental Growth: 

A significant increase in global rental growth is anticipated, averaging 8.1% in 2H 2023. This trend, particularly in office and industrial spaces, aligns well with VESKEY, which aims to streamline and enhance these high-demand segments.

#### Net Absorption: 

With a projected growth in net absorption to 5.4%, driven by logistics and data center spaces, VESTATE is strategically positioned to capitalize on these expanding market segments.

#### Leasing Recovery: 

The expected improvement in global leasing recovery, moving to -4.9%, is an indicator of the growing demand for flexible workspace options – a segment where VESTATE can offer significant value.

*\* This global real estate outlook includes data for the 2H of 2023.*<br>