NAIOP’s Spring 2018 CRE Sentiment Index reveals commercial real estate respondents believe, as a group, that overall market conditions 12 months from now (spring 2019) will continue to be favorable for the CRE industry. The Index decreased slightly – from 0.49 in September 2017 to 0.46 in March 2018 – reflecting little change in the overall sentiment from six months ago.
The results are fairly consistent with responses posted over the four prior surveys, going back to March 2016, notes NAIOP. That indicates an expectation of continued but slow growth over the next 12 months. This consistent, positive Index level over the past 24 months is a sign that real estate development is not overheating, and should support an extended real estate market expansion for at least 12 more months.
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