New Apto National Broker Buzz Poll Reveals:
Commercial Property Prices Have Peaked for Multifamily and Retail, But Not Office and Industrial; Chances of National Economic Recession by 2020 Less Than Even
DENVER (July 2, 2018) — Commercial property prices have peaked for multifamily and retail, but not office and industrial, say U.S. commercial real estate brokers in the latest Apto National Broker Buzz Poll.
- Interest rate hikes not yet slowing down commercial real estate sales activity
- Commercial real estate brokers are beef eaters: They will be grilling steak on the barbecue this Fourth of July holiday
Thanks to those members of the commercial real estate brokerage community who participated in the poll, which was conducted during the last two weeks of June by Apto, the software provider for commercial real estate brokers.
Survey Questions and Answers
Have property prices peaked in your market?
40% - Yes
60% - No
31% - Yes
69% - No
61% - Yes
39% - No
70% - Yes
30% - No
Are higher interest rates slowing down sales activity in your market?
Yes - 44%
No - 56%
What are the chances of a national economic recession by 2020?
More than 80% - 15%
60-70% - 17%
50% - 27%
30-40% - 21%
Less than 20% - 20%
Fourth of July Bonus Question:
What is your grilled meat of choice for barbecuing?
Steak - 46%
Burgers - 17%
Ribs - 15%
Chicken - 14%
Hot dogs/sausages - 8%
Apto will be conducting periodic national and local polls of CRE brokers, including Apto customers and non-customers.
Apto ( https://www.apto.com/ ) is the #1 CRM and deal management software for commercial real estate brokers, with more paid users than any other service. Apto was built by and for brokers to help them track contacts and prospects, properties and listings, and deals. The fields, screens and workflows are designed specifically for commercial and multifamily real estate pros. Apto can be used anywhere on a desktop, tablet or mobile device.
Apto customers include CBRE, JLL, Cushman & Wakefield, Colliers International and NAI Global. Apto, based in Denver, is one of the fastest-growing private companies in the U.S., as ranked by Inc. magazine.
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