National Association of Realtors: Fundamentals Positive for Commercial Real Estate
U.S. Newswire, May, 2005
WASHINGTON, May 12 /U.S. Newswire/ -- The four major sectors of the commercial real estate market -- office, retail, industrial and multifamily -- can expect improvement over the next two years, according to a forecast presented at a commercial real estate forum at the National Association of Realtors(r) Midyear Legislative Meetings & Trade Expo.
David Lereah, NAR's chief economist, said there are pluses and minuses affecting the projection for the uptrend in the commercial market. "Corporate profits are strong, but business spending has been hesitant of late," he said. "On the other hand, jobs have been growing since the beginning of 2004."
Lereah said some uncertainties could potentially impact commercial sectors. "The U.S. federal budget deficit poses a risk for...
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