Outlook for commercial real estate?

commercial real estate

Still ugly according to the Kiplinger report, thou less than a year ago.  More deals are getting done. Buyers and sellers are getting closer on pricing.  And a small amount of mortgage backed debt is again being securitized and sold, providing a trickle of new financing now and the hope of a steadier stream in the future.

What’s selling?  Largely trophy buildings, mostly in international gateway cities such as Boston, New York, Washington, Houston, Denver, and Seattle, plus to a lesser degree, properties in Portland, Dallas and Austin.

This is exceptionally great news all the way around.