February 20, 2020
Commercial real estate industry executives indicated generally balanced market fundamentals across nearly all product types, according to the Real Estate Roundtable’s 2020 Q1 Economic Sentiment Index. CRE executives also pointed to job growth, low interest rates and the capital availability as reasons for confidence. The Index’s score of 52 was three points higher than the previous quarter’s score.
“As our Q1 index shows, we are beginning a new decade optimistic about continued overall economic growth,” said Roundtable President and CEO, Jeffrey D. DeBoer. “Commercial real estate markets remain fundamentally sound; supply and demand are in relative balance; debt and equity capital markets are functioning and disciplined; wages are rising; and unemployment is low.”
Even with the optimism, many anticipate two phases of 2020, pre- and post-election. Many noted that election years tend to be unpredictable, pointing to a large volume of transactions underway in hopes of execution before summer.
Pictured: Jeffrey D. DeBoer, Real Estate Roundtable President and CEO
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