#76 – Inside Our Industry – Real Estate Roundtable’s Sentiment Index Up 29 Points Year-Over-Year
Posted on | Inside Our Industry
At the end of October we shared an optimistic report from NAIOP concerning the commercial real estate market outlook(#71). Another report, this time from Real Estate Roundtable, also shows a positive CRE outlook. Hopefully this good news carries through 2022.
Real Estate Roundtable’s Sentiment Index Up 29 Points Year-Over-Year
Paul Bubny, ConnectNational, November 20, 2021
The Real Estate Roundtable’s Q4 2021 Economic Sentiment Index finds commercial real estate leaders reporting positive fundamentals across asset classes. Industry leaders describe steady supply, demand and financial conditions for multifamily, industrial, life science and data centers although office and hotel are less certain. They also note conditions vary by geography and local governmental policies.
The Roundtable’s Overall Q4 2021 Sentiment Index registered a score of 73, reflecting continued optimism about general market conditions despite a five-point dip from Q3. Eighty-five percent of survey respondents cited year-over-year improvement in economic conditions and 61% anticipate that conditions will have improved further a year from now.
Roundtable president and CEO Jeffrey DeBoer said, “Our Q4 Sentiment Index score is a 29-point increase over the same time period last year. This is a solid indication of significant progress in the overall economy as more businesses continue to reopen under cautious, local COVID-19 protocols.”