Market phase of cycle perception of commercial real estate experts worldwide Q3 2020

Published by Statista Research Department, Jan 27, 2022
In 2020, the coronavirus (COVID-19) pandemic put the global economy to an unprecedented test. According to a survey conducted among industry professionals, the commercial real estate sector is in a downturn phase of the market cycle. While 64 percent believe their local market is in recession, 16 percent share that the market is in upturn.

Perception of market phase of commercial real estates experts worldwide as of 3rd quarter 2020

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Source

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Release date

October 2020

Region

Worldwide

Survey time period

September 16th, 2020 to October 19th, 2020

Number of respondents

1,719 respondents

Special properties

industry experts.

Supplementary notes

The source adds the following information: "Survey questionnaires were sent out on 16 September 2020 with responses received until 19 October 2020. Respondents were asked to compare conditions over the latest three months with the previous three months as well as their views as to the outlook. A total of 1,719 company responses were received, with 507 from the UK. Responses for Ireland were collated in conjunction with the Society of Chartered Surveyors Ireland. Responses for Malaysia were collated in conjunction with the Royal Institution of Surveyors Malaysia. Responses in the Americas were collated in conjuction with the Association of Foreign Real Estate Investors."

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