The Real Estate Roundtable’s Q3 2024 Sentiment Index, which measures commercial real estate executives’ confidence and expectations about the industry environment, reported an overall score of 64, up three points from the second quarter. Both the Current Index and Future Index were up four points from Q2, with scores of 59 and 70, respectively.
The rise in sentiment marks an 18-point increase in the overall score since last year. All indices of The Roundtable’s Q3 Index are up, both quarter-over-quarter and year-over-year.
“The increase in our Q3 Sentiment Index indicates that while uncertainty remains, the industry is gradually regaining confidence,” said Roundtable president and CEO Jeffrey DeBoer. “Leaders are seeing signs of stabilization in asset values and a potential improvement in the availability of capital, which are encouraging signals as we navigate this complex environment.”
DeBoer added, “The results of the report reflect the resilience of the commercial real estate industry. The fact that a majority of executives expect better conditions in the coming year is a strong signal that although serious challenges remain, the worst may be behind us.”
Source: connectcre.com
