Commercial Real Estate Market Bottoms Out...

Posted by Expert Gadget Reviewer on Monday, 19 July 2010

At least one market expert is calling the bottom for the Commercial Real Estate Market. CoStar Group, a commercial real estate information company, says that "fundamentals in the U.S. office markets appear to have stabilized and are heading toward an expected recovery." CoStar made its announcement in conjunction with the release of its "State of the Office Market: Mid-Year 2010 Review and Forecast".

The report provided details on the 20 largest office markets, with eight posting positive net absorption, three with little to no change, and nine posting negative net absorption. However even the markets experiencing negative absorption were doing so at reduced levels versus 2009. In another indication of an improving sector, asking rents in several major markets (including San Francisco) are increasing.