The latest quarterly survey from D.C.-based Real Estate Roundtable suggests commercial real estate trends are stabilizing, but it predicts a slow and uneven recovery.
The group surveyed more than 100 senior real estate executives for its quarterly report.
The survey said 82 percent think market conditions today are better than they were a year ago, up from 73 percent in the first quarter, although only 17 percent characterized conditions as “much better.” Its “current conditions index,” which hit a low point of 17 in the fourth quarter of 2008, now stands at 74.
“Clearly, the sense of gloom that prevailed a year ago has eased, …” Read more: Survey: Commercial real estate stabilizing – Washington Business Journal