ENCINO, CA – Increasing confidence in commercial real estate is starting to lure investors off the sidelines and back onto the playing field, according to the Third-Quarter 2010 Real Estate Investment Outlook recently released by National Real Estate Investor (NREI) magazine, and Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm.
Since 2004, NREI and Marcus & Millichap have been tracking investor confidence using the Investor Sentiment Index.
After peaking at 148 in 2005, the index began declining sharply, correctly forecasting the record drop in commercial real estate sales velocity and property performance.
In 2009, the index bottomed at 91 and has staged a steady improvement to a current reading of 119.
“Although the index shows that sentiment is still well off peak, the positive trend over the past year confirms that we reached bottom in 2009 and that investor confidence is returning,” says Hessam Nadji, (top right photo) managing director, research and advisory services at Marcus & Millichap.
For a complete copy of the report, please contact:
Stacey Corso, public relations manager, (925) 953-1716
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