LoopNet recently conducted an online poll I wanted to share with you. The poll was entitled, When will Commercial Real Estate Bounce Back?
On the first question, “When do you expect the number of completed commercial real estate transaction sales to begin to pick up vs. 2008?” 42% responded 2010, and 25%, 2011 or later.
Question #2, What do you view as the biggest obstacle to commercial real estate sale transactions getting completed? 46% responded with “access to financing”, while 29% said “uncertainty of economic forecasts”.
#3. How much further will prices need to fall vs. 2008 in order for transaction volume to increase? 37% said 10 to 20 percent, while 23% said 5 to 10 percent.
And lastly, Question #4, “Which best describes your role”. 42 % responded as brokers and 24% were investors. A total of 1,524 took the poll.
To take the poll yourself, go to http://www.zoomerang.com/Shared/SharedResultsSurveyResultsPage.aspx?ID=L23TVDESPNCL
If I can be of assistance, please contact me at Pete@ConsultPete.com or 925-719-3569. To learn more about my background, visit Consult Pete. To learn more about my company strategy, visit Commercial MasterMinds.
To learn about our Internet based FULL SERVICE commercial brokerage, open the following: CA Real Estate Journal Newswire Article; Brokerages Think Outside the Box by Julie Nakashima http://www.carealestatejournal.com/newswire/components/printArticle.cfm?sid=&tkn=&eid=895813&evid=1&scid=
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