CARW just released the year end 2022 Sentiment Survey for the Wisconsin Market. This survey is based on feedback from Commercial Real Estate practitioners throughout Wisconsin. Follow the link below to download and view the full report.
Our Top 5 takeaways:
1. Development has slowed down due in part to increasing costs, interest rates, and economic climate.
2. Cap rates are expected to increase, and general investment activity is reported to have decreased (anyone surprised?). This is across all asset classes.
3. The majority of respondents report stagnant or decreasing leasing activity.
4. Vacancies are decreasing in Industrial and Real Estate. However Office vacancies are heading the opposite direction and are increasing.
5. Industrial Rents are increasing even though activity is stagnant or decreasing, this is due to a lack of new development supply.