A recent poll of investors, lenders, executives and other commercial real estate stakeholders found a generally optimistic attitude towards the industry in 2011. More than 70% of the responders in the poll, which was conducted by PricewaterhouseCoopers, believe the recovery in commercial real estate is realistic enough to keep up its momentum. Over half of the respondents were confident enough to say that they plan to address their out-of-balance loans by extending their maturities and waiting out the market, which also suggests a positive outlook for the sector in the near future.
According to REIT.com, investors see small but promising signs that the U.S. will avoid a double-dip recession, and that the hard-hit commercial real estate industry has bottomed out. The highest percent of responders in the poll that said they are looking to invest again came from the Apartment, Office and Hotel sectors. Though the future looks a little brighter, riskier plays in investing won’t take place again until a healthier U.S. employment picture develops.
To read the full article from REIT.com, click here.