Investors are optimistic about buying opportunities across the core commercial property classesbut there's an opinion gap between investors in general and those who own each property type.

Marcus & Millichap's latest investor sentiment survey reached its highest level since 2015, according to John Chang, senior vice president and director of research services. Apartment sentiment remains strong, with 36% of those surveyed saying they think it's a good time to buy, while  43% of active apartment owners consider now to be a good buying opportunity.

"Most people see the high apartment prices and assume these properties may be priced at a peak with unsustainably low cap ratesbut active apartment investors see a broad-based housing shortage that won't go away soon, and record low vacancy rates" Chang says. "Apartment investors think values will rise by 8.6% in the next year."

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