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Survey Upbeat On Industry

CHICAGO-Results from DLA Piper Rudnick Gray Cary's "State of the Market" survey exposes an unexpected assurance in the investment market.

By Dana Dubriwny | Updated on September 18, 2005

CHICAGO-In preparation for DLA Piper Rudnick Gray Cary’s 2005 Global Real Estate Summit here on Tuesday, the international law firm conducted its annual “State of the Market” survey in September. Distributed via email to 2,500 top executives in the real estate industry, including CEOs, COOs and CFOs, 10% of the recipients responded to the study. The results, obtained by GlobeSt.com, show an overall positive sentiment among industry professionals.

One of the most interesting results of the study, says DLA’s Real Estate Practice Group chairman Jay Epstien, is that 97% of the recipients predicted a continued boom or flattening of the current investment market despite rampant external discussion of a real estate bubble.

“I was surprised about the number that projected a flattening out, or a continuing positive trend,” Epstien tells GlobeSt.com. “I thought there would be a more pessimistic view.” Epstien says the results from this year’s study are similar to 2004′s findings. “We would have thought 18 months later you would have seen a slight shift in the general answers but the respondents were split 50/50 on how they described investment opportunities in the coming year. Half described the market as bullish and half described it as bearish, and from that I take away a narrow band between the flattening out and continued boom.”

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