Commercial Real Estate is coming back strong. Sales volumes increased from $22 billion of transactions in Q1 2010 to nearly $36 billion of transactions by Q4 2010, according to commercial real estate information company CoStar Group. In an article posted on the Costar website (click HERE for the article), industry experts are forecasting sales volume increases of 20% to 25% for 2011, and calling these volume levels sustainable.
At the local level, Bay Area commercial brokers and property managers are reporting a significant increase in tours (potential tenants touring space) over the past 45 days. And (unlike most of last year), deals are actually moving forward and closing.
- John Schwartz
- is the President of Sam Clar Office Furniture. Sam Clar Office Furniture has been providing office furniture and related services to Northern California businesses since 1939.