CRE industry still sees headwinds ahead

A bi-annual survey of commercial real estate industry participants nationwide by a leading trade group last month found that most remain pessimistic about prospects for a full recovery by this time in 2021.

The NAIOP CRE Sentiment Index, a survey based on a scale of 1 to 100 in which a score of 100 represents the most optimistic outlook for the next 12 months, remained at 45 in September — the same score as in March, when the COVID-19 pandemic first began disrupting the U.S. economy and society.