Good and Bad News in 2012 Commercial Real Estate Outlook

2012 will be much like 2011. Experts see a long, grind-it-out recovery with only a few bright spots, but there are deals to be had.

1 minute read

January 15, 2012, 5:00 AM PST

By Jonathan Nettler @nettsj

Don Jacobson writes that, "Recent signs of job growth are encouraging, but there likely won't be enough hiring to restore demand for office space to pre-recession levels.

Large employers have figured out how to get by with less office space. And cash-strapped consumers have continued to limit their spending, affecting the growth of retail centers, and thus the rents landlords can charge tenants."

For those looking to invest, "According to an analysis by PriceWaterhouseCoopers and the Urban Land Institute, the winners this year will be high-profile downtown office buildings and income-producing warehouses near transportation hubs, as well as full-service hotels and grocery-anchored neighborhood shopping centers."

FULL STORY: Experts foresee bumps on road to recovery in CRE

Thursday, January 12, 2012 in Star Tribune

Urban Development World commercial real estate 2012 Outlook

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