The Wall Street Journal reports that a new survey expected to be released by KPMG LLP is expected to show a resurgence of caution by commercial real estate executives in regards to the recovery.

The survey shows that a majority of industry leaders don’t expect a full economic recovery until 2014, according to the report. The reasons cited include the European crisis, lukewarm job growth and rising operating costs. Forty-six percent of commercial real estate executives said their management teams will be working diligently to cut costs in the next two years.

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The survey was conducted in June and included about 80 senior commercial real estate executives.

Last Updated on July 27, 2012 by Ramin Seddiq