Media

Commercial real estate executives recognize the various challenges in the current market as a result of the COVID-19 pandemic, while remaining optimistic about future market conditions, according to The Real Estate Roundtable’s Q3 2020 Economic Sentiment Survey released today.

The Real Estate Roundtable’s membership has re-elected Debra A. Cafaro (Chairman and Chief Executive Officer, Ventas, Inc.) as Chair, while approving five new members for its Board of Directors who will serve during the organization’s 2021 fiscal year.

Commercial real estate executives confirmed a downturn in Q2 market conditions due to job losses and business shutdowns related to COVID-19, according to The Real Estate Roundtable’s 2020 Q2 Economic Sentiment Index released today. The report also shows there is an expectation for an improvement in market conditions by next year, dependent upon the return of jobs and the ability to safely reopen businesses.

Statement from Roundtable Chair Debra Cafaro and Roundtable President and CEO Jeffrey DeBoer: "Systemic racism and injustice is a pandemic that has plagued our nation for far too long. The real estate industry must help to eliminate at its core this scourge in our society and economy. The moment for leadership is now. The Real Estate Roundtable commits to motivate meaningful and lasting change within our spheres of influence." See full statement ...

The Real Estate Roundtable which represents owners of approximately 14 billion square feet of office and industrial space, nearly 3 million apartments, 3 million hotel rooms and other rental buildings totaling nearly $5 trillion today calls on all owners and operators of business and residential rental real estate to voluntarily proactively work in a positive and constructive manner with their COVID-19 impacted tenants respecting current rent obligations.

The Real Estate Roundtable’s 2020 Q1 Economic Sentiment Index released this week registered a three point increase over the 2019 fourth quarter index. Commercial real estate (CRE) industry executives continue to experience generally balanced market fundamentals across nearly all product types, with limited overbuilding and conservative overall industry debt.

Commercial real estate executives report solid fundamentals are countering concerns about economic uncertainty and geopolitics, maintaining an optimistic outlook for market conditions in 2020, according to The Real Estate Roundtable’s 2019 Q4 Economic Sentiment Index released today.