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CRE sentiment rebounds
Research - JANUARY 25, 2021

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CRE sentiment rebounds

by Andrea Zander

Overall sentiment has sharply rebounded from historic lows in the midyear with an even more optimistic outlook for next year, according to the latest RCLCO Current Real Estate Market Sentiment Index.

Sentiment about the health of the economy and real estate markets was significantly more positive at the end of 2020 than mid-2020 in the midst of the pandemic and before vaccines started rolling out when the index fell to the lowest level (current RMI = 9.2) since RCLCO began recording the index at the end of the global financial crisis. The precipitous drop earlier this year reflected the disarray of the markets and economy in reaction to the global pandemic. Since the midyear survey, the RMI index increased from its nadir to 31.6, which is right about at the recession-level benchmark. While this RMI is the second-lowest that RCLCO has ever recorded, the quick and sharp rebound mirrors the sharp, but still only partial, rebound in the economy experienced in Q3 2020, and demonst

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