Sam Kartalis
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 sam@henrysmiller.com.
Source: http://realpoints.dmagazine.com/2011/09/sam-kartalis-a-commercial-real-estate-revival/
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