Certainy is Keyword Among CRE Pros

MIAMI-Although paralysis by analysis is not completely out of the 2013 picture, the sentiment of certainty is more common. As Ray Cirz, CEO and chairman at Miami-based Integra Realty Resources, sees it, commercial real estate players may not like all the factors but the dust is more settled than last year.

“We know the political environment, at least for the next couple years. We know taxes are going up and we see slow but gradual improvement in employment and low interest rates,” Cirz says. “Return expectations have also moderated. This has created an environment where investors are willing to commit to real estate overall.”