November 2, 2009
The Real Estate Roundtable published its fourth quarter Sentiment Index. The press release is still pretty grim:
With high unemployment pushing up vacancies, no credit capacity and property values plummeting, commercial real estate markets remain extremely stressed with little prospect for significant near-term improvement, according to The Real Estate Roundtable’s latest quarterly survey of senior commercial real estate executives.
An overwhelming majority of the 100+ respondents in the Q4 survey said property values are down today vs. a year ago, although the percentage declined to 77 percent from 93 percent in the previous quarter. But respondents were far from optimistic about future valuations, with 71 percent saying they expect values to remain “about the same” or to erode even further in the next 12 months.
The full report is below.
- Commercial Real Estate Lending Remains Tight
- Goldman Revises CRE Loss Estimates
- Cap Rates Still Hiking According to CoStar and Korpacz Survey
- Congressional Oversight Panel Issues Report on CRE
- Banks Increasing CRE Lending; Bond Spreads To Widen