Here is an advance look into what real estate executives think, according to DLA Piper’s annual State of the Market Survey.
DLA Piperis bringing together the best minds in real estate for its ninth Global Real Estate Summit. Experts at the conference will diagnose each sector of commercial real estate and compare insights. In correlation with the event, the firm normally release the results of their survey.
Some of the findings for this year:
-The majority of respondents (60 percent) believe that real estate markets have already reached, or will reach, bottom in 2010.
-Six out of 10 respondents (60 percent) describe themselves as “bearish,” down from a record high of 90 percent in September 2008 when DLA Piper last surveyed the market.
-Six out of 10 respondents (60 percent) do not expect the CMBS market to return in time to help refinance the more than $150 billion in CMBS loans coming due in the next two years.
Yes, more evidence that business sentiment is improving. For more details, check out the report.