Recent Survey Reveals Commercial Real Estate Executives Bearish on Recovery Until 2014
A recent survey of 80 senior execs of KPMG LLP revealed a bearish sentiment on the their industry and the economy as a whole until 2014.
46% of respondents to the survey said they will focus on cutting costs and holding onto profits into 2014. What were the reasons given for this word of “caution?” The Euro crisis, high unemployment, and the uncertainty of healthcare costs into the future were all named as the top reasons by respondents of the survey. What is your opinion?
(Source: http://blogs.wsj.com/developments/2012/07/24/caution-returns-in-commercial-real-estate-survey-finds/ )
