Bullish predictions in the face of pandemic recovery and global instability

Ongoing economic uncertainty is not hindering broader optimism about the future for commercial real estate (CRE), according to DLA Piper’s 2022 Annual State of the Market Survey report. Conducted in February and March of 2022, the survey analyzes the views of CRE experts and leaders on the pandemic recovery, economic outlook, attractiveness of investment markets and overall expectations over the next 12 months.

The 2022 survey reflects continued optimism as the industry continues its pandemic recovery, with most respondents feeling bullish due to COVID-19 restrictions being lifted in a majority of markets globally. While general bullishness remains consistent with the 2021 report at 74 percent, more respondents in 2022 have a higher level of confidence about the real estate industry’s next 12 months. The increased optimism relative to 2020 — when just 21 percent expected a bull market — is significant. A major reason for this year’s positive outloo