New York, New York (PRWEB) November 26, 2012
Los Angeles Times reports that the commercial real estate industry is expected to continue to expand over the course of the next year. While the real estate industry, as a whole, has experienced gains since it hit rock bottom after the housing bubble burst, this increase in commercial real estate activity is a sign of burgeoning business and, ultimately, an improvement in the overall economic landscape of the United States. Yoram Eliyahu, a noted commercial real estate specialist, looks forward to this growth with great anticipation.
The article asserts: "The nation's commercial real estate recovery will advance in 2013 with modest gains in leasing, rents, and sales prices, industry leaders said in a report." These gains are prompted by several factors, one of which is the creation of new jobs. With the addition of new positions to the workforce, the article explains that absorption will be increased and vacancy rates reduced within the areas of office, industrial, and retail properties.
While the growth of the commercial real estate industry has proven to be slower than the recovery tracks hypothesized by industry professionals, Eliyahu is excited to see that the field is expected to continue to grow. Stephen Blank, another industry professional, asserts: "[...] in general, the industry is moving forward bit by bit. Nothing indicates a quick turnaround for commercial real estate, but it is improving."
Eliyahu points out that the real estate industry is, as are many other sectors within the economy, dependent upon other aspects of economic health. "We see an increase in commercial real estate activity because more jobs have been created," explains Yoram Eliyahu. "These jobs have been stimulated by the need to provide more goods and services to consumers who, one can assume, are spending more money. What is happening that is causing them to spend more money? Well, realistically, they may be granted access to better paying jobs, they may have paid down their debt, or they may be more comfortable spending money now that the economy has stabilized—if only relatively."
As the various industries throughout the economy continue to heal, as jobs are created, consumers pay off their debt, and individuals find themselves with more disposable income, the commercial real estate industry and other sectors throughout the nation are anticipated to continue to heal from the blow of the recession.
A real estate professional who specializes in providing guidance regarding commercial property transactions, Yoram Eliyahu offers experience and insight to the clients whom he guides through the buying and selling processes. Yoram Eliyahu offers a high degree of customer support to each client, as he understands that the real estate industry is not always an easy one for them to navigate. Through his expertise, Yoram Eliyahu helps his clients identify the buying and selling opportunities that are in line with their financial and real estate goals.