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Confidence in the commercial real estate market on the rise

Confidence rising

Confidence in the commercial real estate market is on the rise according to a quarterly survey from Real Estate Roundtable, featured in the Texas Real Estate Center.

82% of those surveyed opined that commercial real estate market conditions today are better than last year but only 17% “felt conditions were much better,” so there is still a considerable room for improvement in executive confidence in the market.

Of the executives surveyed, 28% believe asset prices are lower today than at this time a year ago, down 29% from the final quarter of 2009, yet 46% see valuations better today than a year ago.

According to RECON, “of the 65 percent who said debt capital is more available today than a year ago, 27 percent characterized availability as ‘much better.’”

CC Licensed image courtesy of masteryofmaps via Flickr.com.

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Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

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