Commercial real estate survey: Executives move forward in slow market - Will look to increase efficiencies and cut costs

Commercial real estate survey

Though the U.S. commercial real estate industry is slowly but steadily coming back from the most difficult market contraction in a lifetime, the real estate executives exhibit a tempered optimism due to a realistic assessment of the many challenges still facing real estate companies.

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Expectations by commercial real estate executives for a modest but continuing sector recovery are closely aligned with their expectations for the U.S. economy as a whole. This optimism is more subdued than last year’s assessments, when a larger portion of respondents hoped for a robust or even full recovery within a year or two. In 2012, it appears the real estate industry recognizes the full extent of the downturn, and expectations have been adjusted accordingly.

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