A new report titled Third-Quarter 2010 Real Estate Investment Outlook: Investors Go On Offense, finding that Improving capital markets spark renewed interest across property types, has been released by National Real Estate Investor, Retail Traffic, and Marcus & Millichap. Earlier this year the groups invited private investors and developers of commercial real estate to participate in a survey to gather market opinions; the majority of respondents were private investors (36%); private partnerships (19%) or developers (16%) with an average of $35.8 million invested in commercial real estate. The full report can be read here. An excerpt:
The exclusive National Real Estate Investor/Marcus & Millichap Investor Sentiment Index shows that investor confidence has taken a major step forward in the past year. After bottoming out in 2009 with an index rating of 91, investor sentiment rose to 113 in the first quarter and 119 in the third quarter of this year. Although the index shows that sentiment is still well off the high of 148 that occurred in 2005, the positive trend over the past year is an encouraging sign that investor confidence is returning.
The index takes into account survey responses related to expected changes in property values for various real estate sectors, as well as plans to increase or decrease total real estate holdings. The baseline of 100 indicates neutral sentiment for the industry. The trajectory shows that investor sentiment reached its high in 2005, followed by a dip to a trough in 2008 and 2009, and is now showing signs of an upswing in 2010.
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