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
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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Royal Institution of Chartered Surveyors. (October 27, 2020). Perception of market phase of commercial real estates experts worldwide as of 3rd quarter 2020 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1196655/perception-on-the-commercial-real-estate-market-phase-by-industry-experts-globally/
Royal Institution of Chartered Surveyors. "Perception of market phase of commercial real estates experts worldwide as of 3rd quarter 2020." Chart. October 27, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1196655/perception-on-the-commercial-real-estate-market-phase-by-industry-experts-globally/
Royal Institution of Chartered Surveyors. (2020). Perception of market phase of commercial real estates experts worldwide as of 3rd quarter 2020. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1196655/perception-on-the-commercial-real-estate-market-phase-by-industry-experts-globally/
Royal Institution of Chartered Surveyors. "Perception of Market Phase of Commercial Real Estates Experts Worldwide as of 3rd Quarter 2020." Statista, Statista Inc., 27 Oct 2020, https://www.statista.com/statistics/1196655/perception-on-the-commercial-real-estate-market-phase-by-industry-experts-globally/
Royal Institution of Chartered Surveyors, Perception of market phase of commercial real estates experts worldwide as of 3rd quarter 2020 Statista, https://www.statista.com/statistics/1196655/perception-on-the-commercial-real-estate-market-phase-by-industry-experts-globally/ (last visited December 21, 2024)
Perception of market phase of commercial real estates experts worldwide as of 3rd quarter 2020 [Graph], Royal Institution of Chartered Surveyors, October 27, 2020. [Online]. Available: https://www.statista.com/statistics/1196655/perception-on-the-commercial-real-estate-market-phase-by-industry-experts-globally/
