The prices of commercial properties have made a spectacular recovery in the past two years, with a rise of 48 percent from early 2009. This seems positive, but let’s take another look. Read more.
economy
Weak Economy Holding Back Commercial Gains
Commercial real estate vacancy rates are flat and projections for growth have been moderated because economic growth and job creation have been weaker than expected, according to NAR. Look for modest improvements over the coming year.
Weak Economy Softens Commercial Markets
Economic activity weakened during the second quarter of 2011. Economic activity, as measured by gross domestic product, advanced a modest 1.3 percent during the quarter. In addition, the figures for the first quarter were revised downward from 1.8 percent to 0.4 percent, indicating a weaker than expected economy. More >
Outlook Shows Markets Stabilizing
May’s Commercial Real Estate Outlook report reveals signs that commercial real estate markets are stabilizing, and job creation is boosting demand for commercial space. The economy should add between 1.5 million and 2 million jobs annually in 2011 and 2012, with the unemployment rate falling to 8 percent by the end of next year. More >
