Details

Service: Advisory
Industry: Building, Construction & Real Estate, Financial Services
Type: Survey report
Date: 9/6/2012

Commercial real estate survey: Executives move forward in slow market - Will look to increase efficiencies and cut costs

Though the U.S. commercial real estate industry is slowly but steadily coming back from the most difficult market contraction in a lifetime, the real estate executives exhibit a tempered optimism due to a realistic assessment of the many challenges still facing real estate companies.

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Expectations by commercial real estate executives for a modest but continuing sector recovery are closely aligned with their expectations for the U.S. economy as a whole. This optimism is more subdued than last year’s assessments, when a larger portion of respondents hoped for a robust or even full recovery within a year or two. In 2012, it appears the real estate industry recognizes the full extent of the downturn, and expectations have been adjusted accordingly.

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