Real Estate Roundtable optimistic about 2018
The commercial real estate market will stay strong through the end of the year and remain stable in 2018, according to the Real Estate Roundtable’s Q4 Economic Sentiment Index.
Continued activity in high-quality urban real estate assets is one of the factors fueling optimism among real estate executives contributing to the index. The Q4 score came in at 53 out of 100 points, a three-point increase over Q3.
What emerges from Washington in the way of tax reform remains a wild card for the business in 2018, however "A final bill that may eventually emerge from a bicameral conference must encourage capital formation and help maintain the strength of our capital markets," said Roundtable President and CEO Jeffrey DeBoer.
Executives surveyed suggested that many more deals are in the making for new urban projects and that real estate pricing is stable compared to other asset classes.