Commercial Real Estate Sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to The National Association Of Realtors.
Lawrence Yun, NAR Chief Economist, said fallout from the Recession continues to impact Commercial Real Estate. “Vacancy rates are beginning to level off in some sectors, but rent discounts and moderate levels of Landlord concessions are widespread,” he said. “this is very much a tenant’s market, which is quite favorable for businesses that are considering expansion. It’s also encouraging that there is a modest improvement in the sentiment of commercial real estate practitioners.”