…Demand for commercial space and net absorption has increased, although general leasing activity slowed moderately during the third quarter of 2011. In almost all property sectors, occupancy rates are improving, concessions are declining and effective rents are rising in many markets. On the supply side, with vacancy rates relatively high, financing limited and rents below levels necessary to justify new construction, supply pipelines are well below long-term averages. The next three years should see a limited amount of new deliveries, which is a positive for further real estate recovery.
Click to read full article: Commercial Real Estate Weathers Turbulent Times (National Real Estate Investor, 11-7-11)
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