We, at Peak Commercial, are anticipating an uptick of brisk activity in the buying and selling of commercial real estate assets, and now we think it's coming sooner as opposed to later.
(PRWEB) April 26, 2012
According to the National Association of Realtors (NAR), improving fundamentals means a more positive trend in commercial real estate markets is expected for 2012. Kevin M. Levine, EVP of commercial real estate brokerage firm, Peak Commercial (http://www.peakcommercial.com), representing buyers and sellers in retail, multi-family, single-tenant net-lease properties, office building, industrial, land and REO commercial transactions, is cautiously optimistic about where the commercial real estate market may be headed this year. Per Levine, “I think we’re still a couple of years away from any significant upswing in commercial real estate markets but with interest rates continuing to stay low, and the continuing volatility in the equity markets, there are only so many places to invest. Savvy investors are viewing commercial assets, especially multi-family properties, as a sector worth noting.”
USC’s recently-released Lusk Center Multi-family Forecast shows that rents rose last year in almost all of the region’s sub-markets and they are expected to continue to rise over the next two years. NAR’s latest Commercial Real Estate Outlook projects that multi-family housing is likely to see vacancy rates drop below 5% in 2013. Levine explained, “When vacancy rates drop below the 5% level, it’s generally considered a landlord’s market where supply and demand kicks in – more demand; low supply; higher rents. Multi-family property investors could definitely be the winners in this scenario.”
Levine concluded, “We don’t want to forget the office and industrial sector which is showing signs of activity. As the economy is getting better and small business owners are feeling their collective oats, we’re seeing the rumblings for cautious expansion here as well. We, at Peak Commercial, are anticipating an uptick of brisk activity in the buying and selling of commercial real estate assets, and now we think it’s coming sooner as opposed to later.”
Peak Commercial is one of the entities in the Peak Corporate Network, headquartered in Woodland Hills, California. In addition to commercial real estate brokerage services, the Peak Corporate Network provides loss mitigation and workout services, residential real estate brokerage services, escrow services, 1031 exchange services, real estate financing, short sale services, foreclosure services and loan servicing. For more information, visit http://www.peakcorp.com.
The Peak Corporate Network is a brand that represents a group of related separate legal entities, each providing its unique set of real estate services.