Moving Forward with Optimism and Opportunity. Positive momentum continues to build in the real estate industry, thanks to a slowly improving economy, rising revenues, low interest rates and the continued availability of affordable financing. Multifamily development is expected to continue its upward climb followed by increases in development in the retail and hospitality sectors. Investors are also likely to continue to play it safe, flocking to Class A assets in primary markets.
Commercial real estate executives are becoming increasingly optimistic; the results of our 2013 Real Estate Industry Outlook survey show that positive trends are taking hold and building momentum throughout the industry. In fact, nearly three-quarters of respondents expect the U.S. economy to improve over the next year, and they are not looking to geographic expansion to provide increased revenues.