Investor sentiment is as strong as pre-COVID levels, according to a new report from Marcus & Millichap – and more than a third of investors the firm surveyed say their properties are operating better than they were before the pandemic.
The firm's semi-annual investor survey clocks investor sentiment at 165, exactly in alignment with their February reading.
"It's signaling a cautiously optimistic outlook and suggests investment activity will likely remain relatively strong in the second half of this year," said John Chang, Senior Vice President and Director of Research Services at Marcus & Millichap.
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