Building confidence is a journey, not a destination
Hugo Moreno, Contributor, Forbes Insights MAY 17, 2016 @ 03:21 PM
Commercial real estate executives appear relatively optimistic about the general state of the market in 2016, with many predicting higher than average deal volumes for their firms. When considering the adoption of new technology, most believe that the influx of CRE tech companies is revolutionizing the industry. These executives recognize that while the U.S. CRE market is recovering, there are still certain segments that are poised for significant decline.
These are some of the findings of a recent Forbes Insights report, “CIT Commercial Real Estate Outlook: Key Findings,” sponsored by CIT. In order to understand the current trends, challenges and outlook for the U.S. Commercial Real Estate industry, CIT commissioned Forbes Insights to conduct online research between Feb. 12 and March 14, 2016. Forbes Insights surveyed 201 senior executives from CRE management companies, brokers, investors, financing executives and attorneys.
- More than half, 52%, of respondents believe that their segment of the market is either strong or very strong.
- 44% of executives surveyed agreed or strongly agreed that certain segments are poised for significant decline.
- 47% of total respondents agreed or strongly agreed that the U.S. CRE markets are in recovery.
Just over 60% of executives surveyed characterize their current market posture as opportunistic, describing today’s market conditions as a mixed bag, offering both challenges and opportunities. When reflecting on the economy, they see interest rates, consumer confidence, U.S. tax rates, unemployment and the global economy, respectively, as the top five factors driving CRE investment. They express moderate, but not overwhelming, support for the government’s role in stabilizing the economy, with 48% believing a Republican win in the U.S. presidential elections would have the most positive impact on the sectors where they are presently active.
The benefits of CRE technology are clear, with most executives agreeing that these advancements are revolutionizing the industry. Despite this, many are slow to adoption, with only 11% of respondents rating themselves as “leading edge” when it comes to implementation. While they envision both positive and negative effects, most respondents agree that the stakes are higher, and they struggle with the emergence of tech-enabled entrants into the industry and the impact they are having on their CRE investments.
The majority of companies, 71%, say adequate capital is available for investment. One in four, 24%, say capital is available for “the right” deals only. When asked about financing, slightly over half of respondents say that they are lengthening the duration of their financing in an effort to lock in today’s relatively low rates over a longer period.
Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail email@example.com or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
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