The Q3 2024 Sentiment Index from the Real Estate Roundtable has been released, revealing a score of 64. This is an increase of three points from the previous quarter and marks a positive outlook for commercial real estate executives.
Both the Current Index and Future Index also saw increases, rising four points each to scores of 59 and 70 respectively. This indicates growing confidence in both current market conditions and future expectations.
Compared to last year, there has been an impressive overall increase of 18 points in sentiment among industry leaders. All indices within The Roundtable’s Q3 report have shown growth both quarter-over-quarter and year-over-year.
According to Jeffrey DeBoer, president & CEO of The Real Estate Roundtable, this rise in sentiment reflects a gradual return to confidence within the industry despite ongoing uncertainty. He notes that asset values are stabilizing and there may be improvements in capital availability on the horizon – all promising signs as we navigate through these challenging times.
DeBoer also highlights how these results demonstrate the resilience of commercial real estate professionals. With a majority expecting better conditions over the next year, it suggests that while challenges remain significant, we may have already overcome some major obstacles.
