Industry sentiment for the office sector three years out, while still optimistic, shifted downward from six months ago. This, however, may reflect developers' concerns over the looming fiscal cliff, as the survey was taken in November 2012. Projects coming out of the ground, as well as those in the pipeline, could prove forecasters wrong in 2013 and beyond.
Topics: Economic Development, Fiscal Cliff, Investors, Land Developers, Office Space
Published In: Commercial Real Estate Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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