171964 Resource 164804 165387 165387 1181758806992 1181758806992 Controlled Residential Sales Are Down But Commerical is Up

Commercial Real Estate is Booming Nationwide and in Greater Phoenix

Residential real estate may be lower and sales are are down, but investment in commercial real estate is at record levels, <a title="NAR article" href="http://www.realtor.org/RMODaily.nsf/pages/News2007061301?OpenDocument" target="_blank">this from the latest Commercial Real Estate Outlook by the NAR. </a>Office is booming, industrial is doing well, apartments are strong and retail is somewhat sluggish. $157,000,000,000 was invested in the first four months of 2007, which is up 62% over the same period in 2006. The report goes on in more detail:<ul><li>Office Markets - Manhattan, Chicago, North Virginia and San Francisco had the most transactions. Vacancies are lowest in New York City, Ventura County, CA, Honolulu, Orange County, CA, Los Angeles and Miami.</li><li>Industrial Markets - Demand is strongest in coastal markets and inland ports and distribution hubs. Rents should also rise.</li><li>Retail Markets - Because retail sales have slowed, demand for retail space has as well. Vacancy is expected to rise.</li><li>Multifamily Markets - Condo conversions in many markets including the Phoenix multifamily market have reduced inventory.  Vacancy is projected to average 5.8% and rents are projected to increase by 2.1% in 2007, but Greater Phoenix rents are expected to increase at a rate greater then the national average.    </li></ul> 10 application/xml false apartments in greater phoenix commercial real estate commercial real estate growth commercial real estate projections investment real estate in phoenix multifamily in phoenix vacancy rates Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aciesielski false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web