Almost 40% of the survey's respondents are owners, operators ordevelopers of real estate; 12% are capital providers such as banks,credit companies, pension, private equity and sovereign wealthfunds; 2% are real estate occupiers such as retailers, corporationsor government agencies and 47% are service providers such as realestate brokers, management companies and consultants.
John Salustri, editorial director of the Incisive Media realestate group, says that "market participants are defining newopportunities. The survey shows that values are going todecline--by as much as 10% more, according to the most popularresponse. And our respondents are defining themselves as net buyersto take advantage of fire-sale prices of commercial real estate. Itis activity based in the current turmoil, but it is activity, andit will get capital moving."
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