August 10, 2020
The Real Estate Roundtable’s Q3 2020 Economic Sentiment Survey shows commercial real estate executives more optimistic about the future compared to three months ago, yet keenly aware of the importance of a COVID-19 vaccine to the economic outlook.
Q3’s composite Real Estate Sentiment Index improved to 42 from 38 three months ago, with a score above 50 viewed as positive. The survey’s Current Conditions Index of 21 increased eight points from the previous quarter, while the Future Conditions Index is 63, a one-point improvement.
“As our Q3 index shows, commercial real estate markets continue to suffer from the effects that the COVID-19 pandemic has had on businesses and residential tenants,” said Roundtable president and CEO Jeffrey DeBoer.
While hospitality, senior housing and retail have been hardest hit, the Roundtable notes that other sectors, notably office and multifamily, also face challenges related to the overall economic hit from the healthcare crisis.
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Tags: Economy
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