Grubb & Ellis recently surveyed its investor clients. One of the notable findings is that 81 percent say they are net property buyers in the next 12 months. This is consistent with an informal show-of-hands survey at the company’s client dinner last night in Chicago. Most of our guests had closed a deal in the last 60 days. At a similar dinner around this time last year, no one said they were buying or selling. But now, the commercial real estate industry – and in fact industries across the economy – are moving ahead, cleaning up the excesses of the bubble years and dealing with still-sluggish demand as best they can. They are no longer frozen in place. They are buying, selling, pruning, hiring (selectively) and positioning themselves for stronger growth in the years ahead. That is the very definition of a recovery.
Source: Grubb & Ellis Research
Source: Grubb & Ellis Research