A
ltus Group has released its Q3 CRE Industry Conditions & Sentiment Survey, a quarterly report that gauges market conditions and future expectations. The survey reveals a CRE environment still facing challenges, but with growing optimism. This quarter saw the highest level of "intentions to transact" and improved sentiment on property pricing.

    Key findings for the US commercial real estate market include:

    Capital availability is expected to increase across all debt sources in Q3, particularly from insurance companies, which rose 17 percentage points to 14%.

    The priority issues remain largely unchanged, except for a significant decrease in concern over insurance costs.

    Multifamily property performance expectations have rebounded sharply by 24 percentage points, with 69% considering it one of the "best performing" asset types.

    Transaction intent is high, with 89% of respondents planning to buy or sell within the next six months. Survey respondents anticipate a decline in capital costs and all-in rates, along with increased availability over the next year.