The conflicted data keeps rolling off the presses.
South Florida’s office vacancies are still uncomfortably in the double digits, but they ended 2010 headed in the right direction, as leasing rose and corporate downsizing ebbed, according to a new Cushman & Wakefield report.
Senate Bill 346 had an impact on what the tax assessors must consider when estimating the fair market value of property. It defines an arm’s length, bona fide sale as:
According to a new report by Colliers International, the U.S. office market entered the year on a relatively strong note after the fourth quarter, with a sharp drop in vacancy and a healthy increase in occupied space.
The exclusive National Real Estate Investor/Marcus & Millichap Investor Sentiment Index shows that investor sentiment has surged to a record level of 152 - a huge increase over the 119 rating achieved in third quarter. In fact, the most recent index rating tops the previous all-time high of 148 recorded in 2005.
CoStar Commercial Repeat-Sale Indices, January 2011 Release
(With Data through November 2010)
After spending the better part of two years in ICU, the commercial real estate market finally appears to be on the road to recovery. In his latest podcast, mortgage banker John B. Levy points out that while investment sales doubled from 2009 to 2010 and the future of CMBS looks promising, the healing market is not yet out of the woods.