According to The Wall Street Journal,the U.S. commercial Real State market is having a slow,steady recovery.
"The amount of office space occupied by employers increased by 7.2 million square feet, or 0.2% of the total occupied stock, during the quarter, according to real-estate research service Reis Inc. That was the biggest increase since the economy began slowing in 2007.
Without faster growth, the office-vacancy rate is likely to continue to stay high—and rents relatively low. In the second quarter, the overall U.S. vacancy rate stayed flat at 17%.
The bright spots are cities with strong technology or energy markets. Expanding tech and natural-gas companies are seeking more office space to accommodate their growing labor force.
"The amount of office space occupied by employers increased by 7.2 million square feet, or 0.2% of the total occupied stock, during the quarter, according to real-estate research service Reis Inc. That was the biggest increase since the economy began slowing in 2007.
Without faster growth, the office-vacancy rate is likely to continue to stay high—and rents relatively low. In the second quarter, the overall U.S. vacancy rate stayed flat at 17%.
The bright spots are cities with strong technology or energy markets. Expanding tech and natural-gas companies are seeking more office space to accommodate their growing labor force.
