original article published in National Association of Realtors- Realtor.org by George Ratiu in November 2010.
Research Economist, George Ratiu, states that "Amid signs of uncertainty, economic activity continued its moderate growth trend in the third quarter of this year." Ratiu goes on to say that growth came about due to double digit increases in spending, coupled with rising consumer expenditures.
"Against this backdrop of a moderately recovering economy, commercial real estate investments posted a significant jump in sales during the third quarter – up 115.0 percent from the third quarter of 2009." Ratiu infers that the increase in commercial investment signifies a shift in preferences among global investors.
According to Ratiu, "In addition to global investors, U.S. commercial real estate investors are finding improved conditions in certain markets and property types." Ratiu goes on to break down third quarter findings on a class by class basis, stating "While fundamentals for office, industrial and retail properties are still trying to shake off negative absorption and rents, demand for apartments has been strong – and continues to rise."
To view this article in its entirety and to see a break down class by class, CLICK HERE.
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