The CRE Finance Council (CREFC) has announced the results of its fourth quarter 2023 Board of Governors (BOG) Sentiment Index survey. The results show overall optimism on the part of the board.
The Board of Governor Sentiment Index survey was administered between December 18, 2023, and January 3, 2024. It serves as a gauge of market conditions and outlook of the sector, based on input by senior members in the industry.
The fourth quarter 2023 index represents input from 95% of the Board of Governors. It showed a significant upturn, a 33% increase, from the previous quarter. According to the report, this leap marks the largest quarterly increase since the survey's inception. This indicates a notable shift in industry sentiment.
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