J. Andrew Hansz, Ph.D., CFA, MAIRobert M. Stanton Chair of Real Estate
Director, E.V. Williams Center for Real Estate
Sentiment Survey
Hampton Roads Real Estate Markets Sentiment Survey: Spring 2016
created and collected by, the E.V. Williams Center for Real Estatesponsored by, Valbridge Property Advisors
Q.2. Please identify your primary Hampton Roads real estate activity (select one).
0% 5% 10% 15% 20% 25%
Consumer-agriculture propertyConsumer - commercial propertyConsumer - homeowner or renter
Consumer - industrial propertyEntrepreneurial (Developing)
GoverningInvestingLending
Professional appraiserProfessional architect
Professional - broker/salesProfessional - civil engineer
Professional - consultantProfessional - law
Professional - property managementSuccessor entrepreneurial
None of the aboveProfessional accountant
No Response
Percentage of Participants
Real
Est
ate
Act
ivit
y Primary Hampton Roads Real Estate Activity: Spring 2016
n = 133
Q.4. Please identify your primary real estate market affiliation (select one).
0% 5% 10% 15% 20% 25%
Agriculture
Industrial
Land
Multi-family residential
Office
Retail
Single-family residential
No Response
Percentage of Participants
Ham
pton
Roa
ds R
eal E
stat
e M
arke
tsPrimary Market Affiliation: Spring 2016
n = 133
Q.5 and 6. 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
Anticpated Overall Average
Average Sentiment - Present and 6 Month Projection: Spring 2016n=133
Avg. Current Sentiment
Avg. 6 mo. SentimentProjection
Negative Mild Negative Neutral Mild Positive Positive
Q.7. 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%
Agriculture
Industrial
Land
Multi-family residential
Office
Retail
Single-family residential
No Opinion
Percentage of Participants
Real
Est
ate
Mar
ket
Segm
ents
Best Hampton Roads Investment Potential - Next 6 Months: Spring 2016 n= 133
Q.8. 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 20 40 60 80 100 120
Agriculture
Industrial
Land
Multi-family residential
Office
Retail
Single-family residential
Number of Participants
Ham
pton
Roa
ds R
eal E
stat
e M
arke
tsAnticipated Real Estate Usage Changes, Over Next 6 Months: Spring 2016
n = 133
No Changes
Contract
Expand
Do not own or lease
Q.9. 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% 80% 90%
Decreasing
No Change
Increasing
Percentage of Participants
Chan
ge E
xpec
tati
on
Expected Change of Mortgage Interest Rates Over Next 6 Months: Spring 2016n = 133
Q.10. Please choose the statement below which best reflects the impact of sea-level rise and your Hampton Roads real estate interests (select one).
0% 10% 20% 30% 40% 50%
No impact
Minimal impact
moderate impact
Severe impact
Percentage of Participants
Leve
l of
Impa
ctImpact of Sea-level Rise on Personal Hampton Roads Real Estate Interests: Spring 2016
n = 133
Special thanks to, ValbridgeProperty Advisors for
sponsoring the Hampton Roads Real Estate Markets
Sentiment Survey.
E.V. Williams Center for Real Estate2088 Constant HallNorfolk, VA 23529
www.odu.edu/business/center/creed
2016 Hampton Roads Real Estate Market Review & Forecast