2013 Heartland Real Estate Business Broker Forecast

HREB Brokers Survey — Page 1 of 2

Dear Commercial Real Estate Broker,

Heartland Real Estate Business is conducting a brief online survey to gauge market conditions throughout the region, and we need your help. This survey should only take a few minutes to complete. Questions range from the outlook for investment sales and leasing activity in 2013 to lease negotiations to interest rates.

We’re also sending separate surveys to finance professionals and owners/developers/managers in the Midwest. The results will be collated and published in our January issue. Conducting these surveys is part of our mission at France Media to provide readers with indispensable information.

Sincerely,

Matt Valley
Editorial Director
Heartland Real Estate Business

Question Title

* 1. Which of the following best describes your company? (Please mark all that apply)

Global Brokerage Company

National Brokerage Company

Regional Brokerage Company

Local Brokerage Firm

Full-Service Real Estate Firm

Tenant Representation Firm

Landlord Representation Firm

Question Title

* 2. Check the box that best describes your job title:

President, Owner, Partner, Chairman of the Board, CEO

Chief Financial Officer, Chief Investment Officer

Real Estate Manager, Other Manager, including General Manager

Broker, Leasing Agent, Real Estate Agent

Other (please specify)

Question Title

* 3. Which property sectors do you specialize in? (Please mark all that apply)

Suburban Office

Downtown Office

Medical Office

Retail Mall

Retail Grocery/Drug-Anchored Center

Retail Single Tenant

Retail Lifestyle/Power Center

Industrial

Hotel

Mixed-use

Multifamily

Seniors Housing

Self-Storage

Student Housing

Other

Question Title

* 4. Do you expect your firm’s total transaction volume by dollar amount (leasing and investment sales combined) in the Midwest in 2013 to be higher, lower or the same as in 2012?

Higher

Lower

Approximately the same

Question Title

* 5. If you answered "higher" to the previous, by how much?

Less than 5%

5% to 10%

11% to 15%

16% to 20%

More than 20%

Question Title

* 6. If you answered "lower" to the previous, by how much?

Less than 5%

5% to 10%

11% to 15%

16% to 20%

More than 20%

Question Title

* 7. Generally speaking, which property categories do you think will experience a high velocity of sales activity across the Midwest in 2013? (multiple answers allowed)

Suburban Office

Downtown Office

Medical Office

Retail Mall

Retail Grocery/Drug-Anchored Center

Retail Single Tenant

Retail Lifestyle/Power Center

Industrial

Hotel

Mixed-use

Multifamily

Seniors Housing

Self-Storage

Student Housing

Other

Question Title

* 8. Generally speaking, which property categories do you think will experience a low velocity of sales activity across the Midwest in 2013? (multiple answers allowed)

Suburban Office

Downtown Office

Medical Office

Retail Mall

Retail Grocery/Drug-Anchored Center

Retail Single Tenant

Retail Lifestyle/Power Center

Industrial

Hotel

Mixed-use

Multifamily

Seniors Housing

Self-Storage

Student Housing

Other

Question Title

* 9. Do you think that valuations for each of the following property types in the Midwest will generally increase, decrease or remain the same over the next 12 months?

	Increase	Decrease	Remain the Same	Uncertain
Hotel	Hotel Increase	Hotel Decrease	Hotel Remain the Same	Hotel Uncertain
Industrial	Industrial Increase	Industrial Decrease	Industrial Remain the Same	Industrial Uncertain
Multifamily	Multifamily Increase	Multifamily Decrease	Multifamily Remain the Same	Multifamily Uncertain
Office	Office Increase	Office Decrease	Office Remain the Same	Office Uncertain
Retail	Retail Increase	Retail Decrease	Retail Remain the Same	Retail Uncertain
Single-family housing	Single-family housing Increase	Single-family housing Decrease	Single-family housing Remain the Same	Single-family housing Uncertain

Question Title

* 10. If you expect valuations to change during the next 12 months, by how much do you expect them to change?

	Hotel	Industrial	Multifamily	Office	Retail	Single-family housing
Rise 1% to 3%	Rise 1% to 3% Hotel	Rise 1% to 3% Industrial	Rise 1% to 3% Multifamily	Rise 1% to 3% Office	Rise 1% to 3% Retail	Rise 1% to 3% Single-family housing
Rise 4% to 6%	Rise 4% to 6% Hotel	Rise 4% to 6% Industrial	Rise 4% to 6% Multifamily	Rise 4% to 6% Office	Rise 4% to 6% Retail	Rise 4% to 6% Single-family housing
Rise 7% to 9%	Rise 7% to 9% Hotel	Rise 7% to 9% Industrial	Rise 7% to 9% Multifamily	Rise 7% to 9% Office	Rise 7% to 9% Retail	Rise 7% to 9% Single-family housing
Rise 10% to 12%	Rise 10% to 12% Hotel	Rise 10% to 12% Industrial	Rise 10% to 12% Multifamily	Rise 10% to 12% Office	Rise 10% to 12% Retail	Rise 10% to 12% Single-family housing
Rise 13% to 15%	Rise 13% to 15% Hotel	Rise 13% to 15% Industrial	Rise 13% to 15% Multifamily	Rise 13% to 15% Office	Rise 13% to 15% Retail	Rise 13% to 15% Single-family housing
Rise more than 15%	Rise more than 15% Hotel	Rise more than 15% Industrial	Rise more than 15% Multifamily	Rise more than 15% Office	Rise more than 15% Retail	Rise more than 15% Single-family housing
Fall 1% to 3%	Fall 1% to 3% Hotel	Fall 1% to 3% Industrial	Fall 1% to 3% Multifamily	Fall 1% to 3% Office	Fall 1% to 3% Retail	Fall 1% to 3% Single-family housing
Fall 4% to 6%	Fall 4% to 6% Hotel	Fall 4% to 6% Industrial	Fall 4% to 6% Multifamily	Fall 4% to 6% Office	Fall 4% to 6% Retail	Fall 4% to 6% Single-family housing
Fall 7% to 9%	Fall 7% to 9% Hotel	Fall 7% to 9% Industrial	Fall 7% to 9% Multifamily	Fall 7% to 9% Office	Fall 7% to 9% Retail	Fall 7% to 9% Single-family housing
Fall 10% to 12%	Fall 10% to 12% Hotel	Fall 10% to 12% Industrial	Fall 10% to 12% Multifamily	Fall 10% to 12% Office	Fall 10% to 12% Retail	Fall 10% to 12% Single-family housing
Fall 13% to 15%	Fall 13% to 15% Hotel	Fall 13% to 15% Industrial	Fall 13% to 15% Multifamily	Fall 13% to 15% Office	Fall 13% to 15% Retail	Fall 13% to 15% Single-family housing
Fall more than 15%	Fall more than 15% Hotel	Fall more than 15% Industrial	Fall more than 15% Multifamily	Fall more than 15% Office	Fall more than 15% Retail	Fall more than 15% Single-family housing