A Tale of Two CRE Surveys

WASHINGTON, DC-To hear Richard Kadzis, vice president of CoreNet Global tell it, things couldn’t be rosier for commercial estate executives. Well, perhaps that might be a stretch–but the current environment’s prospects are definitely more optimistic than one would think from recent economic indicators, like the recent GDP and unemployment figures, he says pointing to the new CoreNet Global Confidence Index that debuted in June, sporting a rating of 4.65 on a scale of 7 (7 representing an extremely optimistic environment). “This does stand in contrast to other indicators out there,” Kadzis tells GlobeSt.com.

Other indicators being, for example, the recently-released Real Estate Roundtable’s Q3 Sentiment Survey, which tells the story of an industry wary about lackluster job creation, fiscal and monetary policy and rising interest rates.