US investment sales confidence picks up

The U.S. investment sales market has the potential for increased activity in the year ahead, with the New York market one of the key places expecting to see growth, according to Colliers International’s third-quarter Global Investor Sentiment Survey. More than six out of 10 real estate investors who responded to the survey are considering selling property over the next year, a jump from 23 percent in the first quarter. Close to 85 percent of U.S. investors plan to buy assets domestically during that time, focusing on markets nationwide, and specifically in New Jersey, Florida, Denver, Washington, D.C. and Boston, the data, released today, shows. In addition, 60 percent of U.S. real estate investors expect to expand their portfolios in the coming year. “Investors recognize that prices are at the bottom and see tremendous value in commercial real estate,” said Dylan Taylor, CEO of Colliers. “This kind of positive sentiment expressed by U.S. investors is often a precursor to a more active investment sales market. There is plenty of pent up demand and the survey suggests investors are ready to get off the sidelines and back into the game.” TRD