CHICAGO—DLA Piper released a new “State ofthe Market Survey” at its 14th Global Real EstateSummit in Chicago today, and the results show that mosttop commercial real estate executives remain optimistic .Sixty percent of the 222 surveyed were “bullish” on CRE'sprospects. That's a big drop from 2014, when 89% expressed similarconfidence, but considering we're now seven long years into arecovery, it's also a testament to the industry's underlyingstrength.
“If you would have asked me two or three years ago, I would nothave predicted the optimism would last,” JohnSullivan, US chair of the firm's real estate practice,tells GlobeSt.com. Several factors stretched out this recovery. “Wedid start from a very low point in 2009, and we have had very slowgrowth since then.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
