Hot Market Report For You tagged:

Hot Market Report For You

Posted by in Brian's Blog, Commercial Real Estate

The Emerging Trends in Real Estate 2010 study*, released earlier this month by PricewaterhouseCoopers LLP (PwC) and the Urban Land Institute (ULI), says commercial real estate property values have dropped 40 to 50 percent on average from 2007 market peaks, making 2010 and 2011 the opportune time for small businesses to buy at or near cyclical lows. The survey data also suggests that investors believe capital will slowly begin to flow back into commercial real estate markets by the end of 2010.

The commercial real estate property market recovery will mostly likely begin to gain traction before 2012. Long-term confidence holds for New York and Boston. West coast gateways – San Francisco, Seattle and Los Angeles – remain among the survey’s top major markets. Texas markets also continue to show strength, according to survey participants.

Survey respondents believe that lending will remain conservative and credit availability will continue to be tight. The report notes that “markets performing well before the crash will perform better coming out of it, while those lagging before will continue to lag.” The collective sense from respondents is a relief of having survived 2009, however they are cautiously optimistic for 2010. You can download the report at the link below…..

*Emerging Trends in Real Estate? 2010
PricewaterhouseCoopers and the Urban Land Institute ULI
(http://www.pwc.com/us/en/asset-management/real-estate/publications/emerging-trends-in-real-estate-2010.jhtml)

The market seems to really be picking up locally in commercial.  I am getting much busier every day.  Now is the time to market and get aggressive.  If you have a commercial scenario, feel free to run buy me-we have the sources to close commercial loans in this market.   Just give me a call at 770-908-1672.  Be blessed!

Brian