CoStar News
Summary:
The commercial real estate industry is showing renewed optimism, according to a NAIOP survey, as professionals anticipate favorable borrowing conditions and increased deal activity over the next year. Following a challenging period due to rising interest rates, respondents are optimistic about metrics like occupancy rates, rents, and the availability of equity and debt, with industrial properties expected to be the most active, followed by multifamily and data centers. However, the outlook for the office sector remains negative, and concerns about the upcoming U.S. presidential election add uncertainty to the market. Overall, expectations of declining interest rates are seen as a key factor driving this positive sentiment.