Commercial Real Estate Pickup But No Sizzles

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Commercial Real Estate Pickup But No Sizzles

Tuesday, July 12th, 2005 Subscribe To Our Feed

The Wall Street Journal reports a growingly healthier commercial real estate market, but no bubble yet:

“The national vacancy rate dropped to 15.4% in the second quarter from 15.9% in the first quarter, according to the survey of the top 67 U.S. office markets by Reis Inc., a New York-based real-estate research firm. Rents jumped 0.7% in the second quarter to $20.32 a square foot a year from $20.18 a square foot in the first quarter. That builds on a 0.6% jump in the first quarter, which was the first rent increase in four years.”

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