December 4, 2017
The Real Estate Roundtable’s Q4 Economic Sentiment Index reveals commercial real estate executives expect market fundamentals will hold strong throughout the year, despite tax policy uncertainty in Washington. The Roundtable’s Q4 2017 Sentiment Index registered at 53, a three-point increase from the last quarter.
The Roundtable’s Jeffrey DeBoer says, “As our Q4 Index shows, 2017 was a positive and productive year for our industry. Asset values are high, and debt and equity capital remain widely available. Respondents to our Q4 survey say they are in a ‘wait-and-see’ mode in terms of how tax policy may affect their market outlook beyond this quarter.”
Fundamentals continue to hold strong, yet the CRE industry appears to have entered a period of caution, primarily driven by concerns regarding cycle timing. The majority of those surveyed don’t expect current real estate market conditions to change materially in the near-term, but have a close eye on proposed tax reforms.
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