Market Trends
Commercial real estate trends are broken down into two markets: investment sales and related pricing, and the overall fundamental picture of the market.
Emerging Real Estate Trends for 2010:
-
Apartments: Experts expect that any improvement in the employment outlook will help increase apartment leasing. They also expect the increasing numbers of young adult echo boomers to help accelerate leasing demand and values.
-
Industrial: Improvement will be slow, because recovery depends on a pick-up in consumer spending, resumed home building, and restocked manufacturer inventories.
-
Office: Landlords are lowering leasing rates in effort to maintain current tenants and attract new tenants. Tenants are able to access better quality properties for a more affordable price.
-
Shopping Centers: 2009 was a difficult year for retail. Many shopping centers have vacancies as retail stores have closed. However, vacant space in shopping centers has landlords lowering lease rates for new and current tenants.
--Source, Emerging Trends in Real Estate 2010