As of July 1, 2019, the current recovery became the longest on record. In Q4 of 2018, Meridian Capital Group conducted a survey to give commercial real estate investors insight into market trends and dynamics as the economy moves into uncharted territory.
The survey paints a portrait of a market undergoing an extended cycle. Owners consider valuations in most asset classes to be high, and they are shifting to fixed-rate debt to lock in what are still historically low rates.
At the same time, there were a number of responses that, when taken together, shed additional light on the remarkable vitality of the current cycle. Owners and lenders should adjust their plans accordingly.