Tuesday, November 6, 2012

Uncertainty About Post-Election Policies Tempers Outlook for Commercial Real Estate, Economic Growth in Q4 2012

WASHINGTON, Nov. 2, 2012 /PRNewswire-USNewswire/ -- Uncertainty over how the national elections will impact the next Administration's approach to domestic economic policies, along with a host of global challenges, tempers commercial real estate executives' market outlook for the remainder of 2012, according to today's Q4 Sentiment Index released by The Real Estate Roundtable.
 
"In the wake of the Presidential and Congressional elections, industry leaders await how the results will translate into public policies that need to quickly address the nation's economic woes, respond to potential slowdowns in Europe and Asia and generate economic growth in commercial real estate markets outside core 'gateway' areas," Roundtable President and CEO Jeffrey DeBoer said. "With our economy perched on a fiscal cliff, there is a state of high expectation in the business community, which is reflected in the relatively flat Q4 Sentiment Index when compared to the previous quarter."

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-- Kathy Bissesl

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