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Reflections on Current Market

13 Nov

As a seasoned professional in the commercial real estate industry, I am often asked about current market conditions and what I foresee for the future. After many years of practice in this industry, I can say unequivocally that the commercial real estate industry is directly tied to the state of the economy. In recessionary times, vacancies will rise and lease rates will fall as unemployment increases and demand for space falls. During times of economic growth, the converse is true. At the end of a weak quarter of production, invariably the GDP and other economic barometers will confirm that the economy had experienced weakness. Continue Reading