Numbers Say Commercial Property Still Strong
Commercial real estate is faring much better than residential real estate these days. Many investors have turned their attentions toward that segment of the market in the hopes of maintaining a profit during slow times. However, those planning to invest in commercial real estate should identify which sectors are the healthiest.
Office property prices are up about 13 percent over the last year. The worst performance was seen among apartment complexes, with a 1.3-percent dip over the last year despite small rallies in July and August. This may be tied in part to parents’ increasing willingness to invest in student housing for their college students.
Retail is by far the strongest aspect of the commercial real estate market, with 10 percent gain on the year, according to the S&P Index. While all real estate is somewhat shaky investment-wise at the moment, commercial property certainly seems to be the stronger of investment options.
November 29th, 2007 at 10:55 am
[…] PaulTurner wrote an interesting post today onHere’s a quick excerptCommercial real estate is faring much better than residential real estate these days. Many investors have turned their attentions toward that segment of the market in the hopes of maintaining a profit during slow times. … […]
January 5th, 2008 at 2:05 pm
[…] odd time to look at U.S. real estate as a boost to corporate value, but as previously noted here, commercial real estate is doing just fine, with retail space being one of the strongest sectors. Posted in real estate news, Commercial Real […]