
CREFC Survey Shows Strong Upward Surge in Industry Outlook
The CRE Finance Council (CREFC) said Friday its First-Quarter 2021 CREFC Board of Governors’ Sentiment Index Survey and Special COVID-19 Survey indicate a continued strong upward surge in positive outlook for commercial and multifamily real estate finance.
Ninety-five percent of the CREFC board expects the U.S. economy to perform better over the next 12 months, compared to 77% in Q4 2020. Within the Special COVID-19 survey, 91% of the board believes CRE will fare better during the pandemic compared to the 2008 Global Financial Crisis. That’s up from 39% who held this view in Q3 2020 and 65% in Q4 2020.
“The latest survey results and continued momentum reflect how far the commercial real estate industry has progressed over the past year,” said Lisa Pendergast, CREFC executive director. “The continued surge in optimism among our board members is undoubtedly punctuated by the impact of vaccine distribution and pent-up investor demand.”