Despite geopolitical uncertainty, rising interest rates and soaring inflation, DLA Piper’s annual sentiment survey finds real estate executives as confident as they were last year and even more so.
Respondents, who included the firm’s clients and other senior commercial real estate executives, were asked to rate their confidence about the real estate market over the next 12 months on a scale of 1 to 10, with a score of 6 to 10 considered optimistic. In 2021, 74 percent of respondents had responses in the 6-10 portion of the confidence scale. This year, 73 percent of respondents were optimistic, but a higher percentage of respondents (33 percent vs. 16 percent) ranked their sentiments in the 8-10 portion of the scale. In contrast, 21 percent of respondents were optimistic in 2020.
“The bulls became more bullish in this survey compared to prior surveys,” John Sullivan, chair of DLA Piper’s U.S. Real Estate Practice and co-chair of its Global Real Estate practice, told Commercial Property Executive.
The firm’s “Global Real Estate Annual State of the Market Survey” was released exclusively to CPE on Monday, and will be officially released today at the firm’s 17th Global Real Estate Summit in Chicago.
*Article courtesy of Commercial Search
For more information about New Jersey or Philadelphia health care space, industrial space, retail space, office space, land or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in both New Jersey and Philadelphia cannabis, healthcare space, office space, retail space, land and New Jersey and Philadelphia industrial space.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier New Jersey and Philadelphia commercial real estate brokerage firm that provides a full range of New Jersey and Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other New Jersey and Philadelphia commercial properties for buyers, tenants, investors, and sellers.
A New Jersey and Philadelphia commercial real estate broker with expertise in New Jersey and Philadelphia commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new New Jersey and Philadelphia office space, New Jersey and Philadelphia retail space, or New Jersey and Philadelphia industrial space with the New Jersey and Philadelphia commercial properties that best meets their needs.
As experts in both Philadelphia and New Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about Philadelphia and New Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.
Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.
