NAIOP CRE Sentiment Index: Implications for Local Property Owners
The Fall 2025 NAIOP CRE Sentiment Index, a key indicator of the commercial real estate industry, has risen to 56, up from 50 in the spring, suggesting improved market conditions over the next 12 months.
According to
Joseph Carrizales, Marcus & Millichap, the national optimism has local implications, particularly in Southeast Michigan and Northwest Ohio.
- Respondents expect debt and equity to be more readily available due to declining interest rates and easing construction cost pressures.
- This is welcome news for local owners facing 2026 loan maturities or considering refinancing or selling.
The index's findings are crucial for property owners and investors in areas like Detroit's industrial corridors and Toledo's growing flex and logistics submarkets.
Author's summary: NAIOP index suggests improving market conditions.