Experts in commercial real estate overwhelmingly share a gloomy outlook on the current state of the market, the Real Estate Roundtable's Q4 2023 Sentiment Survey reveals.
The survey, intended to serve as a comprehensive measure of senior executives' confidence and expectations for the market, suggests that both are low. The corresponding index of sentiment registered an overall score of 44 – two points below that recorded in Q3, highlighting "the persistent challenges faced by participants in the market."
The vast majority of respondents – 92% — believed asset values have decreased compared to 2022 and they worried about the difficulty of finding capital. Some 70% thought there was less equity capital on tap than a year ago, and 80% thought that was equally true of debt capital.
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