It has been a long struggle but there appear to be signs that the Commercial Real Estate industry is gaining some real strength across the country as we moved through the second quarter of 2011. Co-Star recently publish articles highlighting two solid tends that should continue.
First – The CRE Recovery continues by Mark Heshmeyer who write for Co-Star reports the fact that Office net absorption was positive for the 5th consecutive quarter, and in the Retail sector we’ve seen 8 consecutive quarters of growth. While we see some signs in the broader economy of some slowing, several experts are quoted that this will be temporary phenomena.
Second –Hershmeyer writes The Flow of Real Estate Capital has surged in the past quarter as companies and funds have raised over 34.5 billion dollars to help support acquisitions or pay down of debt. This has brought the total during the first six months of the year to over 67 billion dollars, and has spurred interest in both acquisitions and development.