22.02.2013 - Commercial real estate forecast update: 2013-2014
Commercial real estate continues to improve at a moderate pace, much in line with our previous forecast update from six months ago. The office market enjoyed 11 consecutive quarters of occupancy growth and eight straight quarters of rent increases, according to the Jones Lang LaSalle firm. The length of the expansion is more noticeable than the strength of the expansion. REIS Inc. reported national figures for office vacancy that are only slightly lower than a year ago. Jones Lang LaSalle also reported that most of the improvement is in Class A space, which confirms the anecdotes Ive been hearing as I travel around the country: the only challenge for tenants is finding large contiguous Class A spaces in downtown areas..........................................Full Article: Source
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