The study also found that 87 percent of the executives believe that U.S. real estate values will not take a dive over the next 12 months. Still, only 37 percent felt that U.S property values would continue to climb as steeply as they have in recent years. A full 54 percent of those surveyed believe that the U.S. property market is overvalued. Bryan Cave LLP — a Manhattan-based global law firm — polled roughly 200 commercial real estate professionals including brokers, lenders and mortgage bankers.
Roughly one-third of the executives chose the Northeastern U.S. as their market of choice over the next 12 months. Another trend: for the second straight year, the executives were particularly interested in the metropolitan multifamily high-rise property sector. Indeed, more than 20 percent indicated that this property class is their first choice when it comes to investing over the next 12 months.
