Everyone is talking about a “double-dip” recession, but I’d like to think that feeling runs counter to what’s happening in commercial real estate. I’ve witnessed some good-sized land sales recently, along with a growing group of income properties closing, and I sense a trending upward.
As soon as single-family land sites hit the streets with realistic prices, they’re gone! And most of the in fill single-family sites have already been snapped up.
Single-family homes may be a laggard currently, but commercial real estate looks like a good bet for asset appreciation, especially when compared to stocks, bonds, and cash accounts.
For those reasons, I believe commercial real estate is reviving!
Sam Kartalis is president and chief operating officer of Henry S. Miller Realty Services LLC. Contact him at [email protected].
