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Roundtable Survey Reports Tempered Optimism Among CRE Execs
Despite lingering high interest rates and liquidity challenges, commercial real estate executives expressed tempered optimism about property markets in The Real Estate Roundtable’s Q2 2024 Sentiment Index. The Q2 Sentiment Index overall score of 61 was unchanged from the previous quarter as uncertainty persists about future asset values and availability of capital.
The Roundtable’s Current Sentiment Index registered 55, a two-point increase over Q1 2024. The Future Index posted a score of 66 points, down four points from the previous quarter. Any score over 50 is viewed as positive. This quarter’s Overall Index—a measure of senior executives’ confidence and expectations about the commercial real estate market environment—is scored on a scale of 1 to 100 by averaging the scores of the Current and Future Indices.
A majority (66%) of Q2 survey participants said they expect general market conditions to show improvement one year from now. Additionally, 45% of respondents said conditions are better now than they were at this time last year. Only 11% of Q2 participants expect general market conditions to be somewhat worse in a year, a slight increase from 6% in Q1.
Data for the Q2 survey were gathered by Chicago-based Ferguson Partners on The Roundtable’s behalf in April.
- ◦Sale/Acquisition
- ◦Financing
- ◦Economy
