Real Estate has been shown to be a cyclical asset class over the years that
has mostly followed economic cycles. This paper looks at the physical real
estate cycle of demand and supply driving the occupancy cycle which drives
the rent cycle. The length of historic cycles is compared and contrasted to
the magnitude of these cycles in different property types. This information
is then used to forecast future cycle lengths and magnitudes. Finally the
real estate financial cycle of property prices is compared to the physical
cycle as the two cycles determine total returns for investors.