Strength in Commercial Real Estate
There is an interesting article in today's Wall Street Journal on the strengthening fundamentals in commercial real estate. Occupancy rates are increasing leading to increased lease rates. This was confirmed by a conference call I was on last week with Bailard, who offers an institutional real estate investment trust. Bailard showed a presentation slide with occupancies and lease rates increasing, and with potential for further improvement. The WSJ article offered an acknowledgement that the improving fundamentals will help real estate investors who have paid high prices.