REALTOR® Magazine-Daily News-Study: Commercial Real Estate Investments Will Rise

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Daily Real Estate News | September 3, 2003 | Study: Commercial Real Estate Investments Will Rise According to a new Marcus & Millichap/National Real Estate Investor magazine survey, 70 percent of 561 randomly polled investors plan to increase their investments in commercial real estate over the next year--some by as much as 25 percent. Respondents indicated that the only factor that could scuttle their expected investment activity would be an unforeseen jolt to the U.S. economy, such as a terrorist attack on the scale of 9/11. The survey shows that optimism about where the economy is headed and the prospects of rising rents are luring many investors to the apartment sector; some 38 percent of survey participants said they anticipated that apartments would experience the biggest rent growth across all property sectors next year, with rising mortgage rates and a decline in landlord-approved concessions as two of the factors driving unit demand. The study also found that investors are not as bullish where the retail real-estate sector is concerned, even though malls and shopping centers have survived the downturn in the economy over the past few years mostly unscathed.

Source: Dow Jones Newswire (09/02/03); Morrissey, Janet