Mard Naman

While gleaming new buildings may get fawned over as potential future trophy assets, the future belongs mostly to existing ones. Analysts predict 80 percent or more of the buildings that will exist in 2050 are already standing. In some mature markets in Europe and elsewhere, estimates run as high as 95 percent. Investors have various options with what to do with their existing stock. They can, of course, do nothing. But standing pat risks obsolescence and future stranded assets.

While gleaming new buildings may get fawned over as potential future trophy assets, the future belongs mostly to existing ones. Analysts predict 80 percent or more of buildings that will exist in 2050 are already standing. In some mature markets in Europe and elsewhere, estimates run as high as 95 percent. Investors have various options with what to do with their existing stock. They can, of course, do nothing. But standing pat risks obsolescence and future stranded assets.

While gleaming new buildings may get fawned over as potential future trophy assets, the future belongs mostly to existing ones. Analysts predict 80 percent or more of buildings that will exist in 2050 are already standing. In some mature markets in Europe and elsewhere, estimates run as high as 95 percent. Investors have various options with what to do with their existing stock. They can, of course, do nothing. But standing pat risks obsolescence and future stranded assets.