Outlook Improving for Commercial Real Estate?
SOURCE: Forbes
Amid all the bad press surrounding the markets today, here's some encouraging news....
The report quoted here from the National Association of Realtors shows that the Commercial Leading Indicator for Brokerage Activity rose to 120.7 in the second quarter, up from 119.7 in last year's second quarter and 120.1 in the first quarter this year.
Moreover, says Lawrence Yun of NAR, "The reading suggests industrial and office sectors likely will expand use of commercial office space the next six to nine months."
This reinforces earlier posts quoting the brighter horizons in the office sector.
Read full report »
Amid all the bad press surrounding the markets today, here's some encouraging news....
The report quoted here from the National Association of Realtors shows that the Commercial Leading Indicator for Brokerage Activity rose to 120.7 in the second quarter, up from 119.7 in last year's second quarter and 120.1 in the first quarter this year.
Moreover, says Lawrence Yun of NAR, "The reading suggests industrial and office sectors likely will expand use of commercial office space the next six to nine months."
This reinforces earlier posts quoting the brighter horizons in the office sector.
Read full report »
