Commercial Real Estate Sentiment Index — a quantitative, quarterly read on CRE sentiment across sectors, validated across the cycle.
CRESI distills multiple independent data streams — spanning public markets, macroeconomic fundamentals, corporate communications, news media, and the broader CRE conversation — into a single 0–100 score every quarter. The index is designed around a neutral midpoint of 50: readings above 50 reflect net bullish sentiment, and readings below 50 reflect net bearish sentiment. The further a reading deviates from 50 in either direction, the stronger the underlying consensus.
Every reading ships with a published confidence interval. We are explicit about uncertainty rather than implying false precision.
CRESI is cycle-tested. The index correctly registered the 2020 COVID shock, the 2022 rate-hike cycle, and the regional bank stress of mid-2023 — at the right inflection points and at magnitudes consistent with subsequent CRE return data.
CRESI is not a forecast. It is a clean, repeatable read on where commercial real estate sentiment stands right now — quantified, weighted, and benchmarked against the cycle. Coverage spans office, industrial, retail, multifamily, and hotel sectors.
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