NEW YORK CITY—The Altus Group's latest Real Confidence Executive Survey, issued late last month, finds commercial real estate executives—both senior-level and up-and-coming—moderately confident in the strength of the US and global economies. However, moderate confidence does not equal unalloyed optimism, and the survey revealed a more cautious outlook in view of what has been both a long economic recovery and a long CRE cycle that many believe has already peaked. There's also a relatively low level of confidence in the Trump administration's ability to accelerate growth beyond what was achieved in 2017.
GlobeSt.com spoke with Charles DiRocco, director of research with Altus, for some insights into the thinking behind the survey results. An edited version of that conversation appears below.
GlobeSt.com: In looking at the survey results, one of the overarching conclusions about economic growth and commercial real estate is that the outlook for this year is fairly muted. If that's the case, what are some of the reasons behind it?
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
