Jan
28

Improved Job Market Will Lift Real Estate

By
– scbiznews.com

The winter is over. OK, maybe not officially until March 20, but the worst of the storm that iced much of the commercial real estate market is behind us, according to the annual Upstate Real Estate Forecast presented by CB Richard Ellis The Furman Co.

“Last year we held our event on Groundhog’s Day,” Brian Reed, vice president of client services, told an audience at the Gunter Theatre this morning. “It was somewhat fitting. We looked back, checked our shadow and we were really in for a hard winter. And really that is what kind of happened.”

It may vary from industry sector or property type, but the forecast is for a historic level of growth beginning in 2011 or 2012, Reed said. It will be slow growth, however, but growth nonetheless.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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    Categories : Greenville

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