Commercial real estate executives expressed a modest increase in optimism about market conditions amid the ongoing pandemic, according to The Real Estate Roundtable’s Q4 Economic Sentiment Index. Most respondents to the annual survey also noted that general conditions one year from now will be either “somewhat better” or “much better”
Survey respondents noted especially challenging economic conditions in the hospitality and retail sectors; market uncertainty associated with future office space use; somewhat stable multifamily markets’ and relatively stronger industrial and life science markets.
”Overall industry low leverage, general market balance, and functioning capital markets are positive influences that – when coupled with growing good news regarding vaccines – result in an increased optimism on part of industry leaders,” said Jeffrey DeBoer, Real Estate Roundtable president and CEO.
DeBoer added, “That optimism is dependent, however, on urgently-needed additional COVID relief from Washington and on the rapid testing and availability of effective vaccines.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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