by Cindy Spivak, (a commercial real estate coach who I respect)
With the first quarter of 2010 behind us and the improving health of all major economies across the globe - things are looking up! US growth is finally trending up again and capital markets are beginning to wake up and participate.
- Industrial - The industrial market appears to have bottomed out and a recovery is expected to be in full swing the second half of this year. In fact a few markets across the US have already begun to trend back up. Rents are expected to increase again in 2011.
- Office - The office market is expected to begin its recovery mid-year as well although much of it will depend upon job growth.
- Retail - Retail development has slowed considerably however neighborhood and community centers are starting to fill up again.
- Multifamily - Multifamily demand will supersede supply in 2011 with shortages continuing through 2014 due to a downward trend in home ownership.
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