Confidence in experiencing favorable market conditions six months from now is up slightly in SIOR’s second monthly survey of members, rising from 6.04 for the April survey to 6.22 in May. However, the organization’s office brokers have less confidence than their industrial counterparts, according to SIOR’s May 2020 Sentiment Survey.
Focusing on current conditions, the newly-released survey results charted significant changes in the overall status of current transactions. There was just over a 5% increase in transactions progressing on schedule and a 3% decrease in the number of transactions on hold by clients.
“There has been a lot of speculation and discussion about what might be or could be taking shape, but this is the first time the best brokers in the business have weighed in to share what’s really happening and the confidence our professionals have for the industry several months from now,” said SIOR president Mark Duclos.
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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).