Commercial real estate executives' outlook improved in the third quarter, though recovery is still expected to take many months if not years, The Real Estate Roundtable's Q3 2020 Economic Sentiment Survey revealed.
The overall sentiment index was 42, reflecting ongoing challenges related to the coronavirus pandemic. A score over 50 is considered positive on the 1 to 100 point scale. The Q3 Current Conditions Index was 21, eight points more than Q2, while the Future Conditions Index ticked up one point to 63.
If a vaccine becomes available in 2021, respondents said the economy is likely to turn toward recovery, but the intervening months without a vaccine will continue to be difficult, according to the survey.
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Jane Wester
Jane Wester is a litigation reporter for the New York Law Journal. Email her at [email protected] or find her on Twitter @janewester.
