Commercial Real Estate Remains Soft but Favors Business Expansion
Washington, August 26, 2010
Commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said fallout from the recession continues to impact commercial real estate. “Vacancy rates are beginning to level off in some sectors, but rent discounts and moderate levels of landlord concessions are widespread,” he said. “This is very much a tenant’s market, which is quite favorable for businesses that are considering expansion. It’s also encouraging that there is a modest improvement in the sentiment of commercial real estate practitioners.”
If your company is looking to expand or just get in, contact us to take advantage of the favorable opportunities available:
Office 410.849.9008
admin@crebr.com
Commercial Real Estate Remains Soft but Favors Business Expansion
Washington, August 26, 2010
Commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said fallout from the recession continues to impact commercial real estate. “Vacancy rates are beginning to level off in some sectors, but rent discounts and moderate levels of landlord concessions are widespread,” he said. “This is very much a tenant’s market, which is quite favorable for businesses that are considering expansion. It’s also encouraging that there is a modest improvement in the sentiment of commercial real estate practitioners.”
If your company is looking to expand or just get in, contact us to take advantage of the favorable opportunities available:
Office 410.849.9008
admin@crebr.com
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