New Investor Sentiment Survey Results for 2H 2022
Investor Sentiment Modestly Retracts in Second Half
- Investor sentiment dipped 11 points in 2H 2022, reminiscent of 2016
- Interest rates and inflation ranked as top two concerns
Investor Decisions Not Curtailed by Economic Headwinds
- Rising interest rates only modestly tapering buyer intent
- Most investors indicated they would not change their investment decisions based on elevated inflation
Investors Divided on Rate Hikes Impact on Cap Rates
- Half of investors believe cap rates will rise, but half expect them to remain stable or fall
- Sentiment suggests activity going into 2023 will remain strong by historical standards
*Trailing 12 months through 2Q
Includes Apartment, Retail, Office and Industrial sales $1 million and greater
Sources: Marcus & Millichap Research Services, CoStar Group, Inc., Real Capital Analytics, M&M/WMRE Investor Survey
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