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Two Words Describe CRE Executives: “Cautiously Optimistic”
According to DLA Piper’s 2019 Global Real Estate State of the Market Survey, commercial real estate executives have concerns about the impact of global trade conflicts and a possible recession. However, in surveying 180 real estate industry experts, “executives are cautiously optimistic about the U.S. CRE market over the next 12 months,” DLA Piper noted.
“This year’s survey demonstrated that, despite a slowing global economy, the U.S. CRE market continues to grow, spurred in part by evolution within the industry,” said DLA Piper’s John Sullivan. “. . . but as our survey also uncovered, caution is evident in many corners.”
Other survey highlights included:
Almost half said investments in Opportunity Zones will increase substantially in the next 12 months.
Canada was cited by 55% of respondents as the most likely source of foreign investment in U.S. CRE.
Eight percent of respondents believe Brexit developments will have the greatest impact on the global economy.
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- ◦Economy
