Written by Matt Hudgins [NREIonline.com, December 29, 2010]
Article submitted bySaurage Rotenberg Commercial Real Estate
Ross Moore has changed his outlook for the better in these last few weeks of 2010.
As national chief economist for commercial real estate services company Colliers International, Moore follows about 100 economic indicators that keep his finger on the pulse of the economy and the commercial real estate industry. And since the beginning of the fourth quarter, that pulse has quickened.
“With the exception of housing and unemployment, most of the signals I’m seeing are positive, which does suggest pretty good growth next year,” says Moore.
In particular, the 10-year Treasury yield reversed a year-long decline. It climbed to 3.5% on Dec. 15, up more than a percentage point from the 16-month low of 2.4% on Oct. 8. The critical benchmark for commercial real estate lending has since come down slightly and stood at 3.3% on Dec. 21, but is still well up from the recent low.
To read this article in its entirety click HERE.
To see this week’s Featured Property click HERE.
Saurage Rotenberg Commercial Real Estate was established with the goal of providing outstanding professional commercial real estate brokerage services. Comprised of highly-skilled, certified professionals, and experienced marketing experts with diverse backgrounds Saurage Rotenberg Commercial Real Estate is comprehensively experienced in every aspect of the commercial real estate industry—an advantage that allows us to provide a full range of services based on our clients individual needs and objectives.
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).