Commercial Real Estate Survey Jason J Giulietti 1 March 2011 Sponsored by About the survey Partnership formed in 2010 Connecticut Economic Resource Center CERC Data Core Partners and Connecticut Business amp Industry Association CBIA ID: 150952
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CBIA/CERC/Data Core Partners: Commercial Real Estate Survey
Jason J. Giulietti1 March 2011
Sponsored by:Slide2
About the survey
Partnership formed in 2010Connecticut Economic Resource Center (CERC), Data Core Partners and Connecticut Business & Industry Association (CBIA)Sponsors: Farmington Bank and O’Connor, Davies Munns and Dobbins, LLP
Commercial real estate indexMarket trends (current and future)Slide3
About the respondents
Brokers – 62%Developers – 9%Economic development professional – 9%Banker – 2%
Appraiser – 1%Other – 17%Slide4
Market conditions
Primary geography Excellent
Good Fair Poor
Office 1% 12% 45% 43% Industrial 3% 10% 43% 43%
Retail 1% 17% 42% 41%
Investment 1% 22% 43% 33%
Residential 1% 14% 52% 33%
Overall economy 0% 7% 51% 41%Slide5
Market conditions
Connecticut - current Excellent
Good Fair Poor
Office 0% 7% 52% 41% Industrial 1% 9% 47% 43%
Retail 0% 7% 48% 46%
Investment 1% 14% 46% 38%
Residential 1% 11% 53% 35%
Overall economy 0% 5% 48% 47%Slide6
Market conditions
Connecticut – next 3 months Excellent
Good Fair
PoorOffice 0% 11% 49% 40% Industrial 1% 11% 48% 41%
Retail 0% 13% 48% 39%
Investment 2% 17% 50% 30%
Residential 1% 14% 47% 39%
Overall economy 1% 8% 53% 39%Slide7
Expectations for transactionsSlide8
Expectations for sale pricesSlide9
Expectations for lease pricesSlide10
Commercial RE Index
3Q 2010 4Q 2010
Current Conditions Index 7.5 9.8Future Expectations Index 9.3 13.7Total Commercial RE Index 8.3 11.8