Sunday, December 13, 2015

Thank You Janet Yellen: The Commercial Real Estate Boom Is On

The idea that we are not in the middle of another Fed created boom simply ignores the facts. Unemployment is way down and real estate is booming, especially commercial real estate.

 U.S. commercial real-estate prices are up 93% from a low in 2010 and 16% above the previous peak in 2007, according to Moody’s Investors Service.



“Signs of valuation pressures are emerging in commercial real-estate markets, where prices have been rising at a solid clip and lending standards have deteriorated, although debt growth has not yet accelerated notably,” Stanley Fischer, vice chairman of the Fed, said in a speech Thursday.

WSJ reports:
Demand for giant tower cranes leased from Morrow Equipment Co. of Salem, Ore., has grown to nearly 500 from less than 200 after the financial crisis, said Peter Juhren, the company’s vice president of operations. His best markets, he said, are New York, Miami, Seattle, San Francisco and Los Angeles.
 -RW

1 comment:

  1. The most recent three-month report discharged by the State Association of Realtors additionally mirrored the positive land suppositions with business sector hinting at coming back to regularity. Oak & Co.

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