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SIOR Survey Charts Record Speed for CRE Rebound
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.”
- ◦Lease
- ◦Sale/Acquisition
- ◦Economy
