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HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT SURVEY: FALL 2015 created and collected by the E.V. Williams Center for Real Estate Sponsored by Valbridge Property Advisors
11

HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Jul 08, 2020

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Page 1: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT SURVEY: FALL 2015created and collected by the E.V. Williams Center for Real Estate

Sponsored by Valbridge Property Advisors

Page 2: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Q.1. Please identify your primary Hampton Roads

real estate activity (select one).

0% 5% 10% 15% 20% 25% 30%

Consumer-agriculture property

Consumer- commercial property

Consumer - homeowner or renter

Consumer - industrial property

Entrepreneurial (Developing)

Governing

Investing

Lending

Professional - appraiser

Professional - architect

Professional - broker/sales

Professional - civil engineer

Professional - consultant

Professional - law

Professional - property management

Successor entrepreneurial

None of the above. Please explain below

Percentage of Participants

Real Est

ate

Acti

vit

y

Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127

Source: E.V. Williams Center for Real Estate and the Bureau of Labor Statistics

Page 3: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Q.2. Please identify a secondary Hampton Roads real

estate activity, if you have one (select one).

0% 5% 10% 15% 20% 25% 30% 35%

Consumer-agriculture property

Consumer- commercial property

Consumer - homeowner or renter

Consumer - industrial property

Entrepreneurial (Developing)

Governing

Investing

Lending

Professional - appraiser

Professional - architect

Professional - broker/sales

Professional - civil engineer

Professional - consultant

Professional - law

Professional - property management

Successor entrepreneurial

None of the above. Please explain below

I do not have a secondary real estate activity

Percentage of Participants

Real Est

ate

Acti

vit

y

Secondary Hampton Roads Real Estate Activity: Fall 2015n = 127

Source: E.V. Williams Center for Real Estate and the Bureau of Labor Statistics

Page 4: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Q.3. Please identify your primary real estate market

affiliation (select one).

0% 5% 10% 15% 20% 25% 30%

Agriculture

Industrial

Land

Multi-family residential

Office

Retail

Single-family residential

No response

Percentage of Participants

Ham

pto

n R

oads

Real Est

ate

Mark

ets

Primary Market Affiliation: Fall 2015 n = 127

Source: E.V. Williams Center for Real Estate and the Bureau of Labor Statistics

Page 5: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Q.4 and 5. Please rate current and anticipated 6

month sentiment levels for the following Hampton

Roads real estate market segments.

1 2 3 4 5

Agriculture

Industrial

Land

Multi-family residential

Office

Retail

Single-family residential

Overall Average

Sentiment Level

Ham

pto

n R

oad

s R

eal E

stat

e M

arke

ts

Average Sentiment - Present and 6 Month Projection: Fall 2015n = 127

Avg. Current Sentiment

Avg. 6 mo. Sentiment Projection

Negative Mild Negative Neutral Mild Positive Positive

Source: E.V. Williams Center for Real Estate and the Bureau of Labor Statistics

Page 6: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Q.6. Over the next 6 months, which Hampton Roads

real estate property sector has the best investment

potential (select one).

0% 10% 20% 30% 40% 50% 60%

Agriculture

Land

Retail

Office

Single-family residential

Industrial

No Opinion

Multi-family residential

Percentage of Participants

Real Est

ate

Mark

et

Segm

ents

Best Hampton Roads Investment Potential Over Next 6 Months: Fall 2015 n = 127

Source: E.V. Williams Center for Real Estate and the Bureau of Labor Statistics

Page 7: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Q.7. We would like to understand your anticipated

real estate usage over the next 6 months. Please

indicate if you plan to expand or contract your use or

ownership space (please answer each row).

0 10 20 30 40 50 60

Agriculture

Industrial

Land

Multi-family residential

Office

Retail

Single-family residential

Number of Participants

Ham

pto

n R

oads

Real Est

ate

Mark

ets

Anticipated Real Estate Usage Changes, Over Next 6 Month: Fall 2015 n = 127

Expand

Contract

No Changes

Source: E.V. Williams Center for Real Estate and the Bureau of Labor Statistics

Page 8: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Q.8. Over the next 6 months, what is your

expectation for the change in general mortgage

interest rates (select one).

0% 10% 20% 30% 40% 50% 60% 70%

Decreasing

No Change

Increasing

Percentage of Participants

Change E

xpecta

tion

Expected Change of Mortgage Interest Rates Over Next 6 Months: Fall 2015 n = 127

Source: E.V. Williams Center for Real Estate and the Bureau of Labor Statistics

Page 9: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Q.9. Please choose the statement below which best

reflects the impact of sea-level rise and your

Hampton Roads real estate interests (select one).

0% 5% 10% 15% 20% 25% 30% 35% 40%

No impact

Minimal impact

Moderate impact

Severe impact

Percentage of Participants

Level of

Impact

Impact of Sea-level Rise on Personal Hampton Roads Real Estate Interests: Fall 2015

n = 127

Source: E.V. Williams Center for Real Estate and the Bureau of Labor Statistics

Page 10: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

Recognition and thank you! The EV Williams Center for Real Estate would like to thank the volunteer

participants of this survey. This survey would not be possible without

your support.

The EV Williams Center for Real Estate would like to thank Valbridge

Property Advisors for financial support to conduct this survey.

Finally, the EV Williams Center for Real Estate would like to thank the

Hampton Roads Sentiment Survey Advisory Subcommittee for

technical advice and editing, interpretation of results, and

recommendations for the future direction of the HR Sentiment Survey.

The Hampton Roads Sentiment Survey Advisory Subcommittee consists

of the following EV Williams for Real Estate Center members?

Larry Colorito, Subcommittee Chair

Member 1

Member 2

Member 3

Member 4

Page 11: HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT …...Primary Hampton Roads Real Estate Activity: Fall 2015 n = 127 Source: E.V. Williams Center for Real Estate and the Bureau of Labor

HAMPTON ROADS REAL ESTATE MARKETS SENTIMENT SURVEY: FALL 2015created and collected by the E.V. Williams Center for Real Estate

Sponsored by Valbridge Property Advisors