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Investor Sentiment Eases Back From Peak Levels

Investors are slightly less bullish about the outlook for the commercial real estate market, according to exclusive research from the first quarter NREI / Marcus & Millichap Investor Sentiment Survey. After peaking at a high of 187 in fourth quarter 2014, the Investor Sentiment Index declined a further 15 points from last fall to its current position at 159 [Figure 1].

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