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 Q4 2024 survey beginning September 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 Q3 2024 CREI™ registered a score of 47.7. This means commercial real estate professionals across the state expressed mild confidence that the statewide CRE market will contract during the third quarter. The Q3 index is 3.6 points below the Q2 CREI™, indicating a reversal of last quarter’s mild confidence in expanding market conditions.
All four components of the CREI™ decreased from Q2 2024, with the Alabama market outlook having the sharpest decline, falling 5.4 points from the prior quarter. Interest rates are expected to improve (decrease) during the upcoming quarter, but with less confidence than during Q2. The US market outlook is also expected to worsen. Additionally, construction costs are expected to increase during Q3 2024 when compared to the prior quarter. Click the button below to read the full report.
