The mood of commercial real estate professionals in the Twin Cities appears to have shifted from an expectation that top-of-the-cycle declines would soon begin to be felt to a more optimistic outlook for the first year of the new decade. A survey of 50 commercial real estate industry leaders, conducted by the University of St. Thomas in May 2019, reported new optimism when compared with results of a 2018 assessment of opportunities and challenges.
Survey Results Signal Stability
Although the overall survey response remains "slightly pessimistic," there are mood upswings in important areas, including a nine-point increase in expected investor return during the coming two years. The survey is designed to forecast movement in the commercial real
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