Friday, October 28, 2011

Commercial Real Estate Execs Trim

Reflecting concerns about the pace of economic recovery, Washington's ability to address fiscal and tax policy challenges a host of new regulatory requirements and the long-term European debt situation, Real Estate Roundtable's latest "Sentiment Index" of commercial real estate executives slid for the 2nd quarter in a row hitting its lowest point since the fall of 2009 after rising slightly at the beginning of the year and remaining at 77 (out of 100) points in Q2, the overall Index tumbled to 69 in Q3 and to 59 in the latest survey indicating a material shift in perceptions on current and future market conditions, property valuations, and access to debt and equity capital.

For the 1st time in two years, a significant portion of respondents see conditions as worse than a year ago and predict a decline in the coming year," said the Oct. 27 survey report, prepared on The Roundtable's behalf by FPL Associates Data collection for the survey was conducted Oct. 3–12, in advance of today's encouraging news that European leaders have reached a deal to tackle the euro-zone debt crisis and for much of the past year.

we have been concerned about the uneven, or 'bifurcated,' nature of the commercial real estate recovery and have focused on policy ideas to foster job growth and broaden this recovery beyond the urban 'gateway' markets" said Roundtable President and CEO Jeffrey D. DeBoer.

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