CRE Execs Put More Faith in the US

Wechsler says the Real Confidence survey “offers perspective on the economic and marketplace factors that will shape our industry.”

NEW YORK CITY—When it comes to both the broader economy and the commercial real estate sector, C-suite executives have more confidence in the US than they do in the global landscape. That’s the top-line result of a first-ever survey of investment decision makers by Altus Group in partnership with NAREIT and the National Council of Real Estate Investment Fiduciaries, the results of which were issued Monday.

“Slow-but-steady US growth is preferable to an inflationary environment for US investors, who anticipate returns will continue to grow, but at a more moderate pace,” according to a report accompanying the 2016 Real Confidence survey. “Meanwhile, the financial turmoil overseas is a positive factor for US real estate, which remains a magnet for flight capital, thanks to its reputation as a stable, lower-risk environment, even when returns slow down.”