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Cautious Optimism, Patience and 2011

ATLANTA-Research conducted by CoreNet Global among corporate real estate users shows fewer in contraction mode and more willing to consider capital expenditures.

By Amy Wolff Sorter | Updated on November 24, 2009

ATLANTA-A bright spot of news has come out right before the long holiday weekend. Research of corporate real estate users conducted by CoreNetGlobal shows those users are far more optimistic than they were last year at this time, or even six months ago.

In a survey of 125 senior executives across a variety of sectors in Asia, Europe and the US, 19% of those surveyed acknowledged they were contracting their businesses, and 54% said they were in outright growth mode. This is a change from April 2009 results, which showed 30% of executives pointing to contraction and 41% showing growth.

“The rest of them showed flat growth,” says Richard Kadzis, director of marketing communications for CoreNetGlobal. “Flat is the new up.”

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