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Average Asking Rent Change
2006-Q2 to 2007-Q2
Amidst the turmoil in the credit markets, it is worth remembering that commercial real estate fundamentals such as vacancy rates, absorption and rent growth are solid, while construction of new space remains appropriate to the level of demand. In the long term, the credit market turmoil is likely to make commercial real estate – with its predictable income streams – look even better when compared with the gyrating stock market and opaque hedge funds. In the short term, the industry is likely to struggle along with the rest of the economy as the credit markets recalibrate. |
by Bob Bach, Senior Vice President, Market Analysis
© 2007 Grubb & Ellis Company |
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