{"id":1004204497,"date":"2018-01-22T06:14:14","date_gmt":"2018-01-22T14:14:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004204497"},"modified":"2022-12-08T16:48:56","modified_gmt":"2022-12-09T00:48:56","slug":"its-optimism-by-a-nose-in-latest-rclco-survey","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/its-optimism-by-a-nose-in-latest-rclco-survey\/","title":{"rendered":"It\u2019s Optimism by a Nose in Latest RCLCO Survey"},"content":{"rendered":"<p>By Scott Baltic<\/p>\n<div id=\"attachment_1004204500\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Len-Bogorad.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004204500\" data-attachment-id=\"1004204500\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/its-optimism-by-a-nose-in-latest-rclco-survey\/len-bogorad\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Len-Bogorad.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Len Bogorad\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Len Bogorad &#8211; RCLCO Managing Director&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Len-Bogorad.jpg?w=800\" class=\"wp-image-1004204500 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Len-Bogorad.jpg\" alt=\"Len Bogorad - RCLCO Managing Director\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Len-Bogorad.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Len-Bogorad.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Len-Bogorad.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004204500\" class=\"wp-caption-text\">Len Bogorad &#8211; RCLCO Managing Director<\/p><\/div>\n<p>Set aside the Mueller investigation, #MeToo and pretty much whatever else grabbed headlines last year. Despite all the political, media and social turmoil in 2017, part one of the year-end Sentiment Survey from RCLCO indicates that, in the eyes of numerous senior executives, the CRE outlook is a stable and surprisingly positive one.<\/p>\n<p>Overall, it seems to be a case of \u201c<em>Not just more optimism, but also less pessimism<\/em>.\u201d For example, though the general expectation is of moderately declining market conditions through this year, nearly half of respondents (45 percent) believe that the next downturn won\u2019t start till 2020 or later. In fact, the report, by RCLCO Managing Director Len Bogorad and Associate John Rendleman, notes that \u201c<em>respondents continue to push the anticipated downturn farther into the future<\/em>.\u201d<\/p>\n<p>One of the reasons for this positive outlook is the stock market\u2019s performance, leading survey respondents to look for continued economic expansion.<\/p>\n<p>The 2017 <a href=\"https:\/\/www.commercialsearch.com\/news\/trump-bump-gone-optimism-still-prevails-rclco-survey\/\">Mid-Year Sentiment Survey<\/a> showed mostly cautious optimism, despite fading enthusiasm for the president and \u201c<em>his ability to deliver on concrete policies<\/em>.\u201d\u00a0 As it stands now, the RCLCO Real Estate Market Sentiment Index is higher than both the mid-year number and predictions six months ago of where it would be now.<\/p>\n<h2>Caution, not clarity with taxes<\/h2>\n<p>A key focus of the EOY survey was the effect of the tax overhaul on the U.S. real estate market. Respondents generally said that they expect the Tax Cut and Jobs Act to have \u201c<em>only moderate effects on real estate<\/em>.\u201d More specifically, some said it\u2019s too early to know what the bill\u2019s effects will be, given the lack of clarity about its details.\u00a0The Sentiment Survey relies on a nationwide pool of predominantly experienced, senior executives at CRE companies, including developers and investors.<\/p>\n<p>Part 2 of the year-end report will be out later this week. Meanwhile, part one is available on the <a href=\"https:\/\/www.rclco.com\/advisory-sentiment-survey-2017-ye-2018-01-18\">RCLCO<\/a> website.<\/p>\n<p><em>Image courtesy of RCLCO<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An end-of-year survey finds that expectations remain positive, despite the state of the market cycle, as tax changes continue to loom. <\/p>\n","protected":false},"author":882,"featured_media":1004204500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,21825,23891,21742],"tags":[36905,36906],"class_list":["post-1004204497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-finance","category-national","category-latest","tag-rclco","tag-sentiment-survey"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. 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