Survey Echoes Continued Optimism from CRE Experts
Echoing the predictions of other recent commercial real estate outlook reports, a survey of the majority of senior real estate executives at the third annual Akerman U.S. Real Estate Summit is looking past still-existing uncertainties in the CRE markets to embrace the future of the industry, which it says is steadily improving.
A majority of survey respondents believe that the outlook for the commercial real estate industry in 2012 is bright, but the recent recovery is still tenuous, and could be dampened by a range of factors, including the continued uncertainty in Europe, persistent restraints on debt and equity financing, and the threats to the health of the U.S. economy due to rising energy costs.
The survey was completed by 150 senior executives in the CRE industry. Among the key findings were survey participants' expectations that private equity, banks, and foreign investors will fund a significant portion of commercial real estate debt and/or equity in 2012.