NAIOP Survey Finds Industry Sentiment Back to Pre-Pandemic Levels
NAIOP’s latest Sentiment Index finds that commercial real estate industry sentiment has increased from April and returned to pre-pandemic levels.
The current sentiment index is 56, up from 54 in April and equal to March 2019, one full year before the pandemic began. At the pandemic’s worst point – March through September 2020 – the Sentiment Index sank to 45.
“The sentiment for commercial real estate is the most positive has been since the pandemic began,” said Thomas J. Bisacquino, president and CEO of NAIOP. “Our industry plays a significant role in the U.S economy, and we remain cautiously optimistic that commercial real estate and the nation’s economy will continue to expand.”
The majority (62.7%) of respondents to NAIOP’s fall survey expect to be most active in projects or transactions related to industrial properties over the next year. Multifamily attracted the next largest share of interest (22.6%), followed by office (11.9%).
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).