Poll Shows Doubts About Recovery This Year
The commercial real estate community is losing faith that the industry will recover anytime soon—and a recent poll reflects that viewpoint. Only 10 percent of respondents to a recent online survey of commercial real estate and investment professionals said that they expect to see a recovery of transactions this year, down from 33 percent from a May survey. The majority of respondents expect prices to fall further. And 20 percent of those polled expect declines of 20 percent or more.