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CBIA/CERC/Data Core Partners: Commercial Real Estate Survey . Jason J. Giulietti 1 March 2011. Sponsored by:. Partnership formed in 2010 Connecticut Economic Resource Center (CERC), Data Core Partners and Connecticut Business & Industry Association (CBIA)
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CBIA/CERC/Data Core Partners: Commercial Real Estate Survey Jason J. Giulietti 1 March 2011 Sponsored by:
Partnership formed in 2010 • Connecticut 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 index • Market trends (current and future) About the survey
Brokers – 62% Developers – 9% Economic development professional – 9% Banker – 2% Appraiser – 1% Other – 17% About the respondents
Primary geography ExcellentGoodFairPoor 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% Market conditions
Connecticut - current ExcellentGoodFairPoor 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% Market conditions
Connecticut – next 3 months ExcellentGoodFairPoor Office 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% Market conditions
3Q 20104Q 2010 Current Conditions Index 7.5 9.8 Future Expectations Index 9.3 13.7 Total Commercial RE Index 8.3 11.8 Commercial RE Index