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CRE Confidence Is Up in DLA Piper’s Annual Sentiment Survey

Despite geopolitical uncertainty, rising interest rates and soaring inflationDLA 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

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