The CRE Finance Council’s Second-Quarter 2023 Board of Governors (BOG) Sentiment Index revealed a modest recovery in market confidence from the previous quarter. The overall index value increased to 78.5 from 67.5 in Q1, yet concerns still persisted across several key areas regarding the U.S economy and CRE fundamentals. Sixty-seven percent expressed a negative outlook for CRE finance businesses and 45% expected liquidity in the CRE capital markets to contract, while 53% predicted an increase in borrower demand for CRE/multifamily loans .
Executive director Lisa Pendergast commented on survey’s findings: “It underscores the balance between improving sentiment and lingering concerns within our sector…As we continue to navigate economic uncertainties and evolving policy landscapes, it is essential that we remain resilient and adaptable to ensure long-term growth stability.”
