Wednesday, May 1, 2013

Office Demand Still Catching Up With Job, Business Growth




National Commercial Real Estate News From CoStar Group





Office Demand Still Catching Up With Job, Business Growth



The slow but steady progress in the recovery of the U.S. economy continued to present somewhat of a conundrum for the U.S. office market in the first quarter. On the one hand, despite moving in fits and starts, the recovery has helped stablize the office market and support relatively high property valuations. On the other, the modest job growth seen to date has yet to translate into meaningful demand for office space, so office rents have remained...









ONCE BURNED: Low Rates, Cheap Capital Raise Concerns Over Possible Return of Bubble-Era Pricing



Even as the economy appears to be gaining traction thanks to the flood of low-cost stimulus money that has flowed through U.S. capital markets, commercial real estate executives and economists vacillate between wonder and dread.

In DLA Piper’s annual temperature-taking of the CRE industry, 85% of senior executives at commercial real estate firms surveyed reported having a bullish outlook for the year ahead, reversing a far more pessimistic view...






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