Brian Brubaker

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Sunday, November 4, 2007

Commercial Investing Bolstered by Rising Rents, Low Vacancies

According to the National Association of Realtors, rent growth is healthy and vacancy rates are low in most commercial real estate markets, as the sector continues to benefit from a fundamentally sound economy.

A record $257 billion was invested in commercial real estate in the first seven months of 2007, a marked increase over the $147.6 billion posted during the same period in 2006. Commercial real estate investment responds to job creation and economic growth, which have been fairly strong over the past two years, creating a need for additional commercial space.

In the first seven months of this year, multi-family transactions totaled $46.3 billion, up 10% over the $41.5 billion invested in same period in 2006. Retail transactions of $37.4 billion easily eclipsed the $22.3 billion posted in this sector in the same period in 2006.

Office building transaction volume was $147 billion during the first seven months of 2007. It is 53% higher than the same period in 2006. In the industrial market, transaction volume in the first seven months of this year was $26.8 billion, up 13% from the same period in 2006. While the main driver of demand in this sector continues to be the need for warehouse and distribution space, the rebirth of the technology sector is fueling demand for flex space.

5:13 pm pst 

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"Carpe diem" (Horace, Rome 65 BC - 8 BC)
Santorini, Greece
"Life is an adventure"

Climbing to 11,500' elevation Meysan Lake
Climbing to 11,500' elevation "Meysan Lake"
Camp Lake at 11,200 feet elevation
"Camp Lake" at 11,200 feet elevation
Setting up camp at "Camp Lake"
Setting up camp at "Camp Lake"
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