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Multifamily, hotel and industrial poised to outperform other sectors
More than half of all respondents (58 percent) surveyed this year predict multifamily offers the best potential for outperformance among sectors of anywhere from zero to 30 percent. That number represents a rise from 38 percent one year ago. Conversely, slightly more than a third of all respondents (37 percent) predict multifamily will underperform by as much as zero to 20 percent compared with other sectors in 2010.
A slightly higher number of respondents (61 percent) also predict the hotel sector will outperform other sectors by as much as zero to 40 percent this year. This stands in marked contrast from the 87 percent of respondents who predicted that sector would underperform relative to other sectors by that same amount in 2009.
More than half (56 percent) of those surveyed also predict the industrial sector will outperform other sectors by as much as zero to 30 percent this year. However, 38 percent predict the industrial sector will see a decline of zero to 20 percent.
Predictions for the retail sector are evenly split for 2010, as 42 percent of respondents believe the retail sector will outperform in comparison to other sectors by zero to 30 percent this year. That same number (42 percent) believes retail will underperform relative to other sectors by zero to 30 percent. This again contrasts with 2009 results as a year ago, a full 100 percent of respondents predicted the retail sector would underperform relative to other sectors anywhere from zero to 40 percent.
The office sector garners the lowest expectations for outperformance in 2010 with just 34 percent predicting that sector would outperform others by anywhere from zero to 30 percent. Nearly two-thirds (65 percent) expect the office sector to underperform relative to other sectors by zero to 30 percent. Last year, a full 100 percent predicted the same decline for the office sector.
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