CCIM Live! Vendor Runway - RICS
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CCIM Live! Vendor Runway - RICS

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CCIM Live! Vendor Runway - RICS CCIM Live! Vendor Runway - RICS Presentation Transcript

  • August 1 st 2011 RICS Global Commercial Property Survey
  • August 1 st 2011
    • Key points:
    • Established in 2004
    • Sentiment survey i.e. qualitative not quantitative
    • Provides a market narrative
    • Net balance format
    • Relatively cheap to set up and run
    • Quarterly
    • Not subject to revision
    • Timely
  • The RICS Global Commercial Property Survey
    • What is it?
    • Quarterly survey that tracks changes in sentiment amongst property professionals working in over 45 countries across the globe
    • Measures conditions on both the occupier and investment sides of the market
    • Simple ‘tick box’ survey, yields a net balance result - Respondents indicate whether conditions have improved, gotten worse or remained unchanged.
    • A net balance is calculated by taking the proportion of respondents indicating an improvement, minus the proportion who indicate a deterioration
      • – For example; 35% indicate improvement, 15% indicate a deterioration, 50% indicate no change. The net balance = (35-15) +20
    • Net balances can range between -100 and +100, where zero indicates no change
    • Why is it useful?
    • One of the only truly global surveys on the market – brings together opinions from a number of large commercial property brokers from all over the world
    • By measuring sentiment, the results often capture turning points in the market ahead of the less timely ‘hard’data
    • Why should people participate?
    • It serves as a timely piece of market intelligence
    • The questionnaire is completed online and takes no more than 5 minutes
    • All answers are anonymous, but respondents are encouraged to comment on their market, which provides a narrative to their response
    • Comments are often picked up by the press and generates PR for the respondents/respondent firm
  • The latest survey, which boasts a sample of over 800 responses, shows rental expectations rising in Germany, Brazil and Asia Pacific
  • Results show how the ongoing euro area crisis is adversely affecting sentiment in peripheral Europe
  • Historically, the RICS survey has proven to be a good lead indicator of some macroeconomic variables