Chicago’s Sam Zell expects little U.S. commercial real estate construction over the next few years except for apartment buildings, a hiatus that would restrict supply and boost the value of existing properties. Read more of what Zell shared with investors at an executive forum in New York last Tuesday. Read more...
commercial real estate
Commercial Markets Stabilizing
Commercial real estate markets are flattening out, with modestly improving fundamentals expected in 2011, NAR says. ‘œThe 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,’ says NAR Chief Economist Lawrence Yun. ‘œThe 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.’ Yun anticipates a rise in household formation from an improving economy, which will increase demand for housing, both ownership and rental.
NO COST 4th Quarter T & I Briefing Podcast
A no cost resource for identifying and reporting trends in technology and innovative business practices related to commercial real estate. Listen to the 4th quarter podcast as Rob Hamman shares how he closed a commercial real estate transaction with the help of Twitter. Look to NAR for the products and resources you need to stay on top of trends and get more clients. Visit REALTOR.org/RightTools. Read more..
Prepare for the Changes in Commercial Real Estate
NAR research, industry leaders and NAR commercial member brokers and agents agree that the landscape has changed. The current Commercial Connections newsletter focuses on some of the changes in the economy, in real estate use and in changing gate keepers. Read this overview and articles on how to run your business effectively as well as what’s new with NAR Affiliate organizations.
