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Real Estate Briefing - Categorized | Commercial property Watch, Emerging Trends more

US commercial real estate to improve slightly in 2011

Posted on 02 December 2010

From Theedgeproperty.com: The commercial property market is beginning to even out and is expected to modestly improve next year on a recovery in fundamentals, said the National Association of Realtors (NAR). “The basic fundamental of rising commercial leasing demand, resulting from a steadily improving economy, means overall vacancy rates have already peaked or will soon top out,” said NAR chief economist Lawrence Yun.
“The outlook for the office and industrial markets has moderated with modestly declining vacancy rates expected as 2011 progresses, while the retail sector should hold fairly steady. Still, high vacancy rates imply falling rents,” he added……………………………………….Full Article: Source


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