2H 2022 – Investor Sentiment Survey Results

Written By Marc Nicholson

New Investor Sentiment Survey Results for 2H 2022

Investor Sentiment Modestly Retracts in Second Half

  • Investor sentiment dipped 11 points in 2H 2022, reminiscent of 2016

  • Interest rates and inflation ranked as top two concerns

Investor Decisions Not Curtailed by Economic Headwinds

  • Rising interest rates only modestly tapering buyer intent

  • Most investors indicated they would not change their investment decisions based on elevated inflation

Investors Divided on Rate Hikes Impact on Cap Rates

  • Half of investors believe cap rates will rise, but half expect them to remain stable or fall

  • Sentiment suggests activity going into 2023 will remain strong by historical standards

*Trailing 12 months through 2Q
Includes Apartment, Retail, Office and Industrial sales $1 million and greater
Sources: Marcus & Millichap Research Services, CoStar Group, Inc., Real Capital Analytics, M&M/WMRE Investor Survey

Marc Nicholson
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