WASHINGTON, DC-The Real Estate Roundtable’s latest quarterlySentiment Survey points to a leveling off of property valuationsdecline--and an easing of the painfully tight credit marketconditions of the last two years.
Of the 100-plus senior real estate executives participating inthe survey, 82% characterized market conditions today as betterthan a year ago--up from 73% in Q1--although only 17% saidconditions are "much better." The "Current Conditions" index nowstands at 74.
There is talk that the commercial real estate market may havefinally reached bottom, Jeff DeBoer, head of the Roundtable, saidin a prepared statement. "But while sentiment is up, that’s not tosay things are good. Refinancing remains difficult for many, anddefaults are still rising, which means more pain ahead," he said.DeBoer was unable to speak with GlobeSt.com in time forpublication.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
