Special Edition: Commercial Real Estate Economic Outlook 2014
The economics of commercial properties can vary greatly. While some pockets of commercial real estate (CRE) have benefited from a poor housing market, others have struggled as consumer spending remains slow. The expectations and design of office space is evolving, and growth in online shopping is increasing the demand for warehouse space. The banks are lending again, but seem to prefer larger deals in larger markets. Are rising interest rates really imminent?This report by Henderson Hutcherson and McCullough, provides an overview of the current CRE market with a general outlook on the economy and a summary of the lending environment. In addition, we breakdown specific subsets of CRE and provide a critique on each one current health and outlook, supported by market activity in the public real estate investment trust market.