Brokers Stay Positive on Business Conditions

Capital One Securities offices in Vienna, VA. (Photo: JLL)

VIENNA, VA—Sentiment among the institutional real estate brokerage community nationwide remained positive in February but was slightly below the previous month, Capital One Securities said Wednesday. In particular, the survey registered declines in the indexes for current conditions and changes in expectations of future conditions, albeit with differences of opinion among regions and property types.

On a scale of 0 to 10, with 0 representing “worst” and 10 representing “best,” the current conditions index averaged 7.0 nationwide. The Southeast came in highest at 7.7 among regions, while for property types it was a tie of 7.5 between multifamily and industrial. The Mid-Atlantic posted the lowest regional average at 6.6, particularly among the region’s office brokers; office posted the lowest score among property types at 6.7.