Roundtable Survey Charts CRE Leaders’ Optimistic Outlook
Commercial real estate industry leaders continue to acknowledge the effects of the COVID-19 pandemic on various asset classes, while expressing increased optimism for both current and future market conditions, according to The Real Estate Roundtable’s newly issued Q1 2021 Economic Sentiment Survey.
The Roundtable’s Q1 2021 Sentiment Index registered at 59 – a 15-point increase from the previous quarter. TheCurrent Conditions Index of 44 increased 17 points from the previous quarter, while the Future Conditions Index of 74 is an increase of 13 points and represents a high not seen in more than a decade.
“Our Q1 index indicates that despite the extremely challenging past 12 months, industry leaders are optimistic that conditions are trending in a positive way,” said Real Estate Roundtable president and CEO Jeffrey D. DeBoer. Those positive trends could reverse, though, if vaccinations stall or new tax or regulatory burdens are imposed, he added.
- ◦Economy