2022 Commercial Real Estate Outlook
In the 4th quarter of 2021 and the start of 2022, we are seeing the steady upward pressure of lease rates and building values across the board in all sectors of Commercial Real Estate. Vacancy rates are currently at a 20 year low. Strong demand and competitive interest rates continue to hold up the market for Sellers. In many cases, we are seeing small building sale comps at over $300.00 psf. It is certainly a great time to sell Commercial Real Estate. For more information about your Real Estate market, please access our quarterly snapshot specific to your location. You will find sale comps and notable properties listed for sale and lease. Please be sure to sign up for our quarterly newsletter to receive this valuable information.
Forbes put out a great article on the top 10 things to watch for in commercial real estate this coming year. Check out the full article here.