The commercial markets are looking good. Not as bad as the experts have predicated. Imagine that. With the growth of our area and the infusion of additional military personnel being assigned; our area will be needing a lot of commercial properties (i.e. Restaurants, Retail Shops, and Office Space). See below for some eye opening details on Shopping Centers.
Daily Real Estate News May 24, 2010
Despite Downturn, More Shopping Malls Emerge The number of U.S. shopping centers has continued to increase despite the economic downturn. There were 104,148 shopping centers in 2008, 104,919 in 2009, and by the end of 2010, there are expected to be 104,990, according to CoStar Group Inc., a commercial real estate information company that compiled information on behalf of the International Council of Shopping Centers (ICSC)."The prospects for the retail real estate industry appear to be improving and the sector, in time, will likely regain its investment luster," says Michael Niemira, ICSC’s vice president, director of research, and chief economist..
Tuesday, May 25, 2010
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