Commercial real estate investors continue to be bullish in spite of political and economic headwinds that threatened to diminish the outlook for the sector. Exclusive results from the NREI/Marcus & Millichap Investor Sentiment Survey show that confidence continues to hover at a near record high.
The NREI/Marcus & Millichap Investor Sentiment Index declined slightly in the fourth quarter to 176, down four points from the record high of 180 reached in the second quarter [Figure 1]. The nominal drop is a testament to the faith investors have in the sector given the tumult that has taken place in recent months. Interest rates spiked more than 100 basis points in the spring and then the 16-day government shutdown nearly led to a government default.
Read more...NREI/Marcus & Millichap Sentiment Index: Investor Confidence Flying High | National Real Estate Investor