Mar
10

Office Rents Will Bottom Sooner Than Expected

By
– National Real Estate Investor

Despite the havoc that the past year wreaked on office rents and occupancies, the combination of limited supply growth and expected stabilization in the labor markets foreshadows a relatively quick return to positive rent growth.

This forecast implies that although the sales market for office properties has remained slow, a pickup in transaction volume and prices may occur swiftly.

After the office market peaked in 2007, the bubble deflated slowly through 2008 before the downturn gathered steam after the fall of Lehman Brothers.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://nreionline.com/distressedinventory/office_rents_bottom_soon_0309/
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