Office and industrial transactions are considerably more likely to cross the finish line on time than they did a few months ago, SIOR reported Tuesday in its Snapshot Sentiment Report based on a survey of members. They’re up from 43% in the third quarter of 2020 to a reported 67% in Q4, the highest number since the survey began.
Virtually all members said that the pandemic is by far the biggest factor in how the industry will perform in the months ahead, but also agree that an improved vaccination rollout could significantly improve conditions in the second half of 2021.
“The various changes across our industry are creating increased speculation, but this survey delivers hard, smart data from the best brokers in the world,” said SIOR CEO Robert Thornburgh. “It truly is that critical insight for how the market is doing today and, more importantly, what may lay ahead."
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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