Commercial real estate professionals are optimists by nature, but we’ve been around long enough not to ignore what’s happening in the world just to stay upbeat.
With that in mind, please forgive us for sounding a bit dark as we channel the bear in us to explain how the psychology of a market – the way its participants feel and think about what’s going on – is an important component of making informed real estate decisions. Consider the following and ask yourself if your outlook for the future has changed in the last year.