Two commercial real estate surveys released separately about economic sentiment in Q4 2021 reflected declines from earlier periods.

The CRE Finance Council (CREFC), an industry association that represents the $5 trillion commercial and multifamily real estate finance industry, said its quarterly Sentiment Index overall sentiment dropped sharply for the second consecutive quarter in 4Q 2021 to 105.2.

In Q2, it hit its all-time sentiment high of 119.2 in 2Q 2021 (100 is equilibrium).

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