SIOR Survey Sees Market Confidence Rebound Among Brokers
SIOR’s newest Snapshot Sentiment Report shows broker confidence on the rise significantly compared to the fourth quarter of 2020. Overall market confidence among surveyed brokers hit a high of 7.3 (out of 10), compared to Q4 2020’s low of 6.2.
Industrial sector confidence reached its highest-ever number at 8, compared to 6.9 in Q4, while office market confidence rose to 5.9 from 4.7.
“If there is any doubt the commercial real estate market still has significant runway for growth, the results of this report can put that uncertainty to rest,” says SIOR CEO Robert Thornburgh. “This is direct, on-the-ground feedback from the best brokers in the industry, from a range of markets, and they all tell the same story: deals are happening at a far greater pace than we’ve had in over a year, and the outlook ahead is the brightest we have seen since the pandemic reshaped our world.”
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).