Increased confidence in the commercial real estate market has taken hold since the U.S. Presidential election, according to a recently released report from U.S. law firm Akerman LLP. The eighth annual Akerman U.S. Real Estate Sector Report revealed 53% of investors and lenders are more optimistic about the 2017 outlook for the U.S. commercial real estate market, compared to only 38% last year.
For the first time since the launch of the Akerman Report in 2010, commercial real estate leaders predict single-family home building (43%) will outpace multifamily development (37%). The Akerman Report shows investors and lenders anticipate an upswing in housing development across suburban markets that will continue to rival walkable, sustainable urban centers. Investor attention will focus on replicating the urban experience in smaller, scalable communities with ample access to public transportation. More than 60% agreed the preference for a live-work-play lifestyle in a compact city center is among the top three trends impacting U.S. real estate.