Real Estate Investors Adopt Divergent Strategies Amid Uncertainty
Falling sentiment reiterates caution, but many see opportunity ahead.
October 27, 2020 | Beth Mattson-Teig| National Real Estate Investor
More than six months into the 2020 recession caused by the global health crisis, questions at the forefront for commercial real estate are how much investors dial back their economic outlook, property performance expectations and their plans to invest more capital. Yet the latest edition of the NREI / Marcus & Millichap Investor Sentiment Survey yields a surprising mix of both positive and negative views.
The Investor Sentiment Index has proved to be a reliable barometer for views on the commercial real estate industry across its more than 16-year history. Investor sentiment dropped sharply from 166 just ahead of the pandemic in the first half 2020 survey to 140 in the current second half survey that polled industry participants in late-August [Figure 1]
