Tuesday, April 5, 2011

More Good News For CRE?

National Association of Realtors Economist George Ratiu is chiming in with news and a forecast that dovetails nicely with what I wrote on several days ago -- fundamentals are improving for commercial/investment real estate. As I noted, good properties are being brought to market with increasing frequency, properly priced and they are going into contract almost immediately. That is GREAT NEWS! While I tend to look at what is happening in the market and discount rosy outlook presentations by NAR, Raitiu is talking fundamentals and a reflection of market realities. There is a higher demand for office space and vacancy rates are coming down, he notes. But I agree that it will take a while for rents to come back to previous levels. Job growth is key. Here is a link to the full story and video interview with Mr. Raitiu. Even the industrial sector is heaing up. Good news all around.....

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