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| Hessam Nadji |
CALABASAS, CA, April 15, 2013 – Exclusive research by Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, reveals that investor sentiment for the commercial property sector reached an all-time high in the first quarter of 2013.
The NREI/Marcus & Millichap Investor Sentiment Index,
based on a quarterly survey conducted in partnership with National Real Estate
Investor magazine since 2004, rose to a record high of 174 in the first quarter
of 2013 — up 3 points over the previous quarter.
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| William Hughes |
This improved outlook is based on a combination of low
interest rates and improving market fundamentals, two important factors that
continue to drive demand for real estate.
“Investor confidence in commercial real estate continues to
climb to new heights,” says Hessam Nadji, senior vice president and
managing director at Marcus & Millichap. “This is great news for the
industry, and it is even better news for the broader U.S. economy, as we know
that the Investor Sentiment Index has proved to be a very accurate foreteller
of economic direction.”
The survey confirmed that the low-interest-rate environment
and better access to capital are key factors fueling investment sales activity.
“Investors are taking advantage of low interest rates, increasing their cadre
of debt and equity sources to refinance holdings and acquire new assets,” says Bill
Hughes, senior vice president and managing director of Marcus &
Millichap Capital Corp.
Marcus
& Millichap’s Research Department produces more than 800 reports annually,
and is considered a leading source for the latest, authoritative industry
information. A copy of the Q1 2013 Investor Sentiment Survey is accessible
online at:
For a complete copy
of the company’s news release, please contact:
Ben Johnson
Marketing Director
Marcus &
Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
(925) 953-1700 ext.
1736
(925) 953-1710 fax
(925) 270-9079 cell
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