Commercial real estate leaders are slightly more optimistic about their own businesses in the year ahead than the sector overall, according to JP Morgan's 2023 Business Leaders Outlook survey.

Nearly three-quarters (73%) are optimistic about their own company's performance with 65% optimistic about the industry's performance.

Respondents' portfolios included mostly multifamily assets and 65% said they expected to increase profits compared to the prior year while only 17% forecasted a decrease.

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