Article written by Jim Allen, Sales and Leasing Agent at Saurage Rotenberg Commercial Real Estate
It’s always fun to look back at forecasts and predictions made at the start of every year. In 2011, the chief concern was the effect rising interest rates would have on the property markets, but as we now know, rates plummeted and those concerns quickly became moot. Oddly, interest rates are not a major factor of discussion going into 2012 because the general consensus—following direction from the Fed—is that they will remain close to current levels.
Below are some of our macro predictions for 2012 in the US real estate capital markets, and they are just that—predictions. They are not based on econometric models or sophisticated forecasts but they do represent current trends found in our data and we have tried to provide the rationale behind each. The underlying assumption is of moderate economic improvement and no wild interest rate swings or other unexpected global events.
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Jim Allen earned his bachelor’s degree from Baylor University in Waco, Texas and his masters from Louisiana State University. In addition to his multiple degrees he has taken numerous coursework in banking, marketing, accounting, and business law. As a complement to his sales experience, Jim also has 25 years experience in commercial real estate financing.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Growth Coalition; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).