Dive summary:
- Responding to a survey, a majority of commercial real estate executives said they see a possible bubble forming as construction gets back in gear, with multifamily housing being their biggest worry.
- CPE magazine has a panel of 100 commercial executives it asks about conditions, and it says 62% in the latest survey foresee some bubble in commercial real estate in the next 12 months.
- Residential is where the executives see a problem being most likely as half picked multifamily as the looming bubble, 21% said single-family construction and office and hotel construction got only 14% each.
From the article:
“The fact that multi-family is being singled out as the asset class most likely to see a bubble is likely due to the fact that the apartment sector has recovered faster, and farther than other property types,” said CPE Senior Associate Editor Mike Ratliff....
