Despite improving job numbers, rising CRE and housing prices, declining vacancies and stabilizing rental rates, not to mention a new round of fed stimulus that will pump $40 billion a month into the mortgage markets, the prevailing sentiment in the commercial real estate industry still seems to be one of doom and gloom. And importantly that outlook is affecting which deals are getting done and which ones are not.
"We have noticed the trend as well and concur that a negative, or rather extremely conservative, mindset is prevalent with the investors in the market," said Steve Timmel, senior vice president of Colliers International in Cincinnati. "Many investors are analyzing assets based on the 'what-could-go-wrong' view versus spending time focusing on 'what-could-go-right' and this has had an impact on pricing and deal velocity."
Read more...MAJOR DILEMMA: Economically We're in Recovery; Mentally We're Stuck in Recession - CoStar Group
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.