Commercial real estate industry optimism on the rise

Three prominent commercial real estate trade groups, along with local experts, believe that the industry will rebound dramatically in the second half of this year and into 2022 and beyond, according to new surveys each has conducted.

The Society of Industrial and Office Realtors (SIOR), in a new survey of its members, says 74% of all commercial real estate transactions are proceeding on schedule, more than double the percentage in the second quarter of 2020.