Law360, New York (May 3, 2016, 9:00 PM EDT) -- Commercial real estate executives are now less bullish about the future of the industry, largely due to global and domestic market volatility, according to a new report released Monday by DLA Piper.According to DLA Piper's 2016 State of the Market Survey, 62 percent of survey respondents had a positive outlook for commercial real estate over the next 12 months, which was down from 89 percent in the September 2014 report. Nearly half of those respondents, 48 percent, attributed this perspective to the state of the stock markets, the report said.Executives do expect to see an increase in activity from... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
DLA Piper has released a new report which shows that New York commercial real estate executives have become less positive about the sector for the next 12 months largely due to market volatility. 62% of respondents to the DLA Piper 2016 State of the Market Survey had a positive outlook for the next 12 months, down from 89% in September 2014.