With construction picking back up and rental prices slowly rising, it appears that the commercial real estate market is heading towards recovery in 2011. According to PricewaterhouseCoopers report, “Emerging Trends in Real Estate 2011″ it is beginning to become more prevalent that the past three years of loss in the commercial real estate industry is changing course. The report reveals that industry professionals and investors are becoming more hopeful of moderate improvements.
According to the Real Estate Journal Online, the well-located and well-occupied properties that can generate strong cash flow over the next years are what buyers and lenders want, resulting in prime apartment and office buildings in gateway cities generating a great deal of attention from the increasing pent-up capital. Of all the sectors, multi-family seems to be in the best position with expectations on increased rental by 2012.
To Read the full article from Real Estate Journal Online, click here.