SIOR’s second quarter Snapshot Sentiment Report finds commercial real estate rebounding at a record pace, with the office sector finally making its comeback. Market confidence as measured by the latest survey grew to its highest on record, at 7.6 (out of 10).
On-schedule deals have also reached their highest levels in a year, with office representing the primary growth factor. Overall leasing activity rose to its highest level in more than five years, with 72% of SIORs reporting more leasing. This was a 16% increase from Q1.
“The results speak for themselves – while each sector tells a slightly different story, commercial real estate looks more and more resilient,” said SIOR CEO Robert Thornburgh. “This report shows the quantitative results behind the world’s top brokers who weathered the pandemic storm and dug in their heels to grow and deliver innovative results to their clients, no matter what the situation.”
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!