Balancing Act: Lack of New Commercial Space Overcomes Softening Demand

By Mark Heschmeyer
Commercial real estate demand softened during the first quarter of 2012, but not enough to throw absorption off its pace of eight straight quarters of gains. The numbers were aided by little if any meaningful new construction coming online, resulting in declining vacancy rates. Although rising energy prices and fiscal debt issues for both domestic and foreign governments remain as clouds on the horizon, the U.S. commercial real estate market remained firmly in recovery mode.

Courtesy of Lee Whistler, Realtor for Century 21 M&M Clovis