Office and industrial transactions are considerably more likely to cross the finish line on time than they did a few months ago, SIOR reported Tuesday in its Snapshot Sentiment Report based on a survey of members. They’re up from 43% in the third quarter of 2020 to a reported 67% in Q4, the highest number since the survey began.
Virtually all members said that the pandemic is by far the biggest factor in how the industry will perform in the months ahead, but also agree that an improved vaccination rollout could significantly improve conditions in the second half of 2021.
“The various changes across our industry are creating increased speculation, but this survey delivers hard, smart data from the best brokers in the world,” said SIOR CEO Robert Thornburgh. “It truly is that critical insight for how the market is doing today and, more importantly, what may lay ahead.”
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).