Tuesday, January 10, 2012

CRE US Sectors Performs Well In Q4

Michael Gerrity writes about various CRE sector performances in the United States for World Property Channel:
According to the latest data from CBRE Econometric Advisors (CBRE-EA), the U.S. office vacancy rate improved in the fourth quarter (Q4) of 2011, declining 20 basis points (bps) to 16%.
He then continues to touch on each sectors from the Office Sector through (especially) the Apartment Sector. It is also worth mentioning:
"The vacancy reductions across property types in Q4 is consistent with our expectations of a gradual recovery," said Jon Southard, Director of Forecasting, CBRE-EA. "While the drop in vacancy is a positive sign, Q4's performance underscores that 2012 will be marked by slow improvement, rather than a quick end to any lingering troubles in the markets."
Each Commercial Real Estate sector has definitely been through tough times as of late and the entire business industry felt the ramifications. This 2012, everyone is gearing up for another year of battling the economy, but instead of a downhill struggle, this year promises a much much better outlook.

Read the article via World Property Channel.

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