Confidence grows in commercial real estate

Business conditions rosy for next 6 months, survey finds

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

A recent national survey from Black's Guide, a comprehensive commercial real estate source, found that 89 percent of commercial real estate professionals feel confident that business will be as good as or better in the next six months as in the prior six months. This confidence follows a five-year slump in the commercial real estate industry. Rather than focusing on where tenants will come from, commercial real estate professionals are focusing on the increased demands of new tenants, such as WiFi and food services, and the challenges of accelerating development, such as traffic issues and delays in construction permits, the survey shows. Nearly 1,000 commercial real estate professionals nationwide participated in the survey. This respondent pool was drawn from the Black's Guide online registered-user database, which consists of more than 18,000 commercial real estate professionals – largely brokers, property managers and developers – in 19 markets the company serves arou...