Commercial Real Estate: Lagging the Economic Recovery by George Ratiu, NAR Economist

Check out this article - Commercial Real Estate: Lagging the Economic Recovery by George Ratiu, NAR Economist. http://www.realtor.org/research/reinsights/marketintelligence

We should not expect any great positive changes for the rest of this year. We will revisit at the end of this year but I am betting we will not see much change in early 2011 either.

Colorado ranks as the worst or near the worst Commercial Real Estate Sales Volume, Business Opportunities in Commercial Real Estate and New Construction in Commercial Real Estate in the last quarterly survey.

Multi-Family is looking better than the other sectors but there are still many factors holding back any real improvement.

Foreclosures will continue in the single family market until the final ARM’s are taken out of play in 2012. This will continue to affect our small income property market as well.

From the above mentioned article: “Taking the long view, the remaining three quarters of 2010 will likely see continued increases in vacancies and declining rents. However, with multifamily posting signs of improvement, the other core property types should record gradual improvements as employment improves and creates additional demand for space. Based on current the current scenario of economic recovery, a broader improvement in commercial real estate is expected in 2011.”

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