The commercial real estate market continues in a long and drawn-out recovery, according to the Q4 Sentiment Survey Index. Its latest findings suggest that those with well-leased and high-profile facilities have benefited the most from recent financial improvements. These Class A properties are seeing marginal gains in market activity, pricing, transaction volume, and access to capital.
While positive opportunities exist, the industry will remain stagnant in conjunction with the job market. "We need a return to hiring," says Roundtable Chairman Daniel M. Neidich. "That would boost consumer spending, lift occupancy levels and operating income, and begin to repair the dramatic erosion of commercial property values. This is fundamental to owners’ ability to obtain debt and equity capital."
Up from the third quarter results, a greater percentage of respondents feel debt and equity availability will remain the same in 2011.
