October 6, 2020
After six months of results, SIOR Global’s monthly Snapshot Sentiment Survey has produced what the organization says is a clear picture. Namely, the market is slowly and steadily improving, despite many of the negative narratives.
September’s survey, for instance, shows that office transactions completed on time rose to 46.9% during the month, compared to just 22% in April. Similarly, industrial transactions’ on-time rate is now 61.1%, more than double April’s 28.9%.
“Beyond the forecasts, models, and speculation, the SIOR Sentiment Survey has become a fantastic tool for understanding what is truly happening across North America,” said SIOR Global President Mark Duclos, SIOR. “These are the best brokers in the world, driving the trends and leading the market forward. Getting their insight and feedback from their respective regions is invaluable in understanding what’s really going on in commercial real estate during one of the most turbulent periods in modern history.”
For comments, questions or concerns, please contact Paul Bubny