Quote:
Originally Posted by Rain Man
If it's for your own business, that might be great. But in the long run, I think commercial real estate is going to be a declining market. Retail sales places are in a slow race toward bankruptcy as shopping continues to move online, and I think even service businesses are downsizing due to things like telecommuting and offshoring. I don't see much indication that commercial real estate demand is going to go up in the long term.
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Not in major markets. Commercial real estate is moving towards open centers with lots of upscale food restaurants as tenants.
The DC market place including Northern VA and Maryland are all on fire. Occupancy in class A and B+ properties are mostly 90-95%. It's crazy.
Look at all the REITS like DDR, Federal Realty, KImco, Regency Centers, Brixmor, all have great returns from high occupancy.
Vornado out of New York just merged with JBG, a local DC powerhouse in commercial real estate.