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Second-Half Property Investment Rebound Possible - 042209
Digested From "Second-Half Investment Rebound Seen"
by Carl Cronan

Jones Lang LaSalle (JLL) has released the results of its spring survey of commercial property investors and developers. A 37 percent majority of respondents foresee their investment activity rebounding in the third and fourth quarters of this year. Less than 33 percent of respondents indicated that they plan to cut investment spending through the last half of this year. The poll covers all five primary commercial sectors -- apartments, office, retail, industrial and hotels. Michael Zietsman, managing director of JLL's Capital Markets Group, states, "Our capital markets teams in the primary international markets are reporting increasingly positive signs that pricing floors are being reached, with a corresponding uptick in transaction volumes." While most respondents predict performance in all sectors to decline this year, pockets of opportunity appear to exist in the multifamily housing and industrial property sectors.
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