The NREI/Marcus & MillichapSentiment Index shows that investor confidence has not only rebounded from its fourth-quarter dip, but it has leaped forward to reach a new peak. The Investor Sentiment Index climbed to 166 at the end of first quarter—the highest level since the index began in 2004.
Investor confidence regained some of the ground that was lost in fourth-quarter when investor confidence stumbled and the index dipped to 152. Sentiment also surpassed the previous high point in the survey of 164 that was recorded in second quarter 2011. National Real Estate Investor and Marcus & Millichap Real EstateServices have conducted research on investor expectations and views over the past eight years as part of a commercial real estate industry forecast.