Commercial Real Estate Forecast | Wausau WI

filed under: Commercial Real Estate Market posted on April 2nd, 2010

n21654341476_6880Commercial Real Estate Forecast:  The first quarter of 2010 is now behind us and there are signs of improvement of all major economies.  The US growth is finally trending up which could be contributed to many different reasons.  Within the four major areas of commercial real estate, each are showing some up swing.  However, each area will return at its own pace.

  • Industial – The industrial market appears to have bottomed out and a recovery is expected to be in full swing the second half of this year.  In fact a few markets across the U.S. have already began to come back.  Rents are expected to increase again in 2011.
  • Office – The office market is expected to begin its recovery mid-year as well although much of it will depend on job growth.
  • Retail - Retail development has slowed considerably.  However, neighborhood and local centers are starting fill with tenants.
  • Multifamily – Multifamily demand will supersede supply in 2011 with families having to relocate from their single family homes.  This shortage will continue through 2014 due to the downward trend in home ownership.

To view other commercial properties listed by Ark Rhowmine , Commercial Real Estate Broker, please click here.
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Ark Rhowmine | Commercial Real Estate Agent | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | WI | 54402-0865
C: 715.297.1953 | O: 715.355.6060 | F: 715.355.6044

posted by Ark Rhowmine

This entry was posted on Friday, April 2nd, 2010 at 3:08 pm and is filed under Commercial Real Estate Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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