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Altus Group Sees Appetite for Buying and Selling in Latest CRE Sentiment Survey
Eighty-nine percent of commercial real estate respondents surveyed expect to transact, whether that means buying or selling, in the next six months, Altus Group said Wednesday. That’s the highest level recorded in Altus Group’s quarterly CRE Industry Conditions & Sentiment Survey.
Capital availability expectations among U.S. respondents rose across all debt sources in the third quarter, Altus Group said Wednesday. Most notably, net expectations for capital from insurance companies rose 17 percentage points from Q2 to 14%. Respondents also expect to see a decline in the cost of capital.
That said, most respondents across North America would describe near-term operating conditions as “somewhat challenging,” a view shared by 69% of U.S. professionals and 67% of Canadian respondents. That viewpoint was consistent with the sentiment expressed in Q2 across both markets, according to Altus Group.
The latest survey draws on feedback from 437 CRE professionals representing more than 163 firms in the U.S. and Canada between July 11 and August 6.
- ◦Sale/Acquisition
- ◦Financing
