The Market Today - Spring 2014

The commercial real estate market is better today than last year but not fully recovered.  Some areas of downtown have rebounded extremely well and are experiencing strong activity, increased rental rates and high sales prices.  St. Armands didn’t seem to miss a beat as leasing activity and property sales remained strong throughout the recession.  Investment properties and multi-family properties continue to be in high demand.  Lagging are the office and industrial sectors which translates to; job recovery is not yet where we need it to be for a healthy commercial real estate market.