Sentiment across the commercial real estate industry is down slightly over fall 2021, according to the latest NAIOP survey, but feedback suggests conditions will improve for the industry over the next year.
The NAIOP CRE Sentiment Index stands at 53, a slight decrease from 56 in fall 2021 and near the same level it was a year ago, at 54. Just prior to the pandemic, the index was 57. It sank to a low of 45 in March 2020.
NAIOP says the index is designed to predict general conditions over the next 12 months by surveying industry professionals on the future conditions of their projects and markets. It includes questions about jobs, space markets, construction costs, capital markets and other real estate development fundamentals.
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