Brokers Upbeat on the Present, Less So on the Future

Capital One Securities intended to create “a survey similar to some macroeconomic sentiment indicators,” writes Chris Lucas.

NEW ORLEANS—Commercial brokers have a more positive view of current conditions than they do of the future, according to Capital One Securities’ first-ever survey of the brokerage community, issued Tuesday. On a scale of 0 to 10, current conditions came in averaged 7.2 across regions and property types, while the outlook for six months from now was more tempered, coming in at 6.0.

In terms of current conditions, the Mountain and West regions led the nation at 7.9 while the Southwest lagged at 6.1. By sector, industrial and retail came in with an average of 7.7 and 7.6, respectively, while office trailed at 6.9. Tenant and landlord reps averaged 7.3 and 7.2, respectively, while investment sales brokers averaged 7.0.