Welcome to the Alabama Commercial Real Estate Index™ (AL CREI™). The AL CREI™ measures commercial real estate expectations for the upcoming quarter gathered from a broad group of professionals working in commercial real estate and related fields. Eight key indicators create a composite index of overall market conditions and an outlook for specific property types. Through the survey, panelists can take the pulse of the state’s commercial real estate market as well as compare their own forecasts to those of their peers.
Click the “Register for the Survey” button below to register and complete the Q1 2025 survey beginning December 1st, 2024. If you are a returning participant, you do not need to re-register.
The Alabama Commercial Real Estate Index™ (AL CREI™) is a quarterly survey of commercial brokers, developers, property managers, investors/ owners, lenders, and other industry professionals to measure market expectations for the upcoming quarter. An index value of 50 indicates a neutral outlook. Scores below 50 indicate a contractionary outlook while scores above 50 indicate an expansionary outlook.
In the Alabama Center for Real Estate’s survey, responses from the Q4 2024 CREI™ registered a score of 57.4. This means commercial real estate professionals across the state expressed moderate confidence that the statewide CRE market will expand during the fourth quarter. The Q4 index is 9.7 points above the Q3 CREI™, indicating a reversal of last quarter’s mild confidence in contracting market conditions.
Three of the four components of the CREI™ increased from Q3 2024, with interest rates having the sharpest increase, rising 20.0 points from the prior quarter. Construction costs were the only component of the index with a score below 50 (42.6), and decreased from the prior quarter, falling 1.8 points. Interest rates are expected to improve (decrease) with very strong confidence during the upcoming quarter. The US market outlook is expected to improve, rising 12.1 points from Q3. Additionally, the Alabama market outlook also improved, rising 8.3 points from the Q3 survey.
