CIGI - Demand is increasing for commercial real estate services William Blair says

Companies that provide commercial real estate ("CRE") services say demand for their services are improving and they expect the trend to continue, according to a survey conducted by equity research firm William Blair.Almost 90% of respondents said demand improved from the prior quarter, up from 56% in Q4 and 52% in Q3. Some 47% of respondents said demand improved significantly (up 5% or more) vs. 29% in Q4 and 30% in Q3.Some 5% said demand was unchanged, while the remaining 5% said demand had declined during Q1 2021."The most notable improvement was a pickup in leasing activity after four quarters of sequential declines," writes Blair analyst Stephen Sheldon in a note to clients.Revenue growth expectations for the year ahead improved significantly, with ~74% of respondents expecting positive revenue growth in their service line over the next year, up from 55% in Q4 and 44% in Q3.Using William Blair's weighting methodology, expectations

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Demand is increasing for commercial real estate services, William Blair says