CRE leaders are highly optimistic the markets will improve throughout 2021, with the industrial and multifamily sectors leading the way, according to The Real Estate Roundtable's Q1 2021 Economic Sentiment Survey.
The surveys overall sentiment index registered at 59, a 15 point increase over Q4 2020. The current conditions index increased 17 from the same period, while the future conditions index registered at 74, a 13 point increase over the last quarter and the highest level since Q3 2010.
Respondents' future outlooks vary largely depending on asset class and portfolio mix. Industrial and multifamily stand out as the sectors best positioned to thrive in a post-COVID environment, while hospitality and retail will face the most challenges moving forward.
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