Craig Trbovich Commercial Real Estate News –
The 3rd Quarter CoStar Office Report was just released. These reports are a great source of statistical information for the Phoenix and National markets, across product types. The latest Office Report shows that the Phoenix market, while continuing to bounce along the bottom, has shown consistent, albeit mild, improvement. There remains a large disparity between Class A Trophy properties and Value Add distressed sales, with little traditional activity in between.
As the elections take center stage and concern over the economy being pushed over the Fiscal Cliff, many businesses have been forced to put certain decision on the back burner until the election is over and Congress can address the economic uncertainty. (I will be providing an overview of the fiscal cliff and its potential effect on our economy in the coming week.)
Also with the Fed promising in QE3 to keep interest rates at historical lows for the next three years, the quest for yield will continue to be a major challenge for investors. However, buy right, and as the tenant market grows along with employment over the next few years, watch your real estate investments grow too. And count on me to be there to support you with the best service and advice possible.