Commercial Market Perking Up at the Top
by Tayeb Realty Group on August 10, 2010
Commercial property analysts are declaring that property investment is on the upswing after one of the longest down periods ever.
Of course, not every class of building owner has yet to reap the rewards of this apparent turnaround.
Real Capital Analytics reports that properties valued at $20.6 billion changed hands in this year’s April-through-June period, an 86 percent jump from the same period a year earlier.
The bulk of the activity has been at the very high end of the market so far, researchers note. Investors are bidding up prices on trophy properties in several key markets, including New York City and the District of Columbia. At the same time, lenders are lining up to finance these assets.
Dan Fasulo, a managing director at Real Capital Analytics, comments, “Eventually the bidders who keep losing out on these competitions are going to readjust their expectations and will start to try other strategies, whether it’s investing in a lower-quality property or going into a secondary market.”
—
Source: Investor’s Business Daily (08/06/10)
Tagged as:
commercial buildings,
Commercial property market,
commercial real estate,
commercial real estate industry,
Commercial real estate market,
New York City commercial market,
property investment
Tell Others What You're Reading!
Connect with me!
Hello and welcome to New York Real Estate Access, your exclusive source of insightful information and updates about the real estate market in New York.
This service is brought to you by Tayeb Realty Group of Realty Executives, a team of passionate, enthusiasts specializing in the New York real estate market.
We want to hear from you. Do you have a question(s) about the real estate market? Is there a topic you would like to hear more about? Some people are bound to have great things to say, while others might have a few choice of words based on their personal experience. Either way, we want to hear it!
John & Raja Tayeb,
Tayeb Realty Group | Realty Executives Today
32-56 Steinway Street | Long Island City, NY 11103
Tel: 917-379-6364
Fax: 718-932-1181
tayebgroup@aol.com
New York Real Estate News, View and Updates!
Tayeb Realty has written 281 articles on this blog.
{ 1 comment… read it below or add one }
Valuable info. Lucky me I found your site by accident, I bookmarked it.