Economic indicators suggest improvement – albeit minor – in the real estate market for the forthcoming year, with no foreseeable double dip, according to Jones Lang LaSalle's 2012 National Commercial Real Estate Outlook. Key findings from Jones Lang LaSalle's outlook were presented by top experts from the firm's Research group in its annual media webcast event.
"Given concerns in Europe and in some emerging markets, we anticipate the United States recovery to be comparably stable in 2012, though the overall growth trajectory will remain modest," said Ben Breslau, Jones Lang LaSalle's Americas Research Managing Director. Despite the slow improvement in underlying demand for most segments of the commercial real estate market, total investment volume will continue trending upward. "Debt financing will remain available for core real estate, and we expect the current slowdown in commercial mortgage-backed securities will be relatively short-lived, though the recovery in CMBS volumes will be choppy and will take time."
Read more...Slow Growth in 2012 for Commercial Real Estate, According to Jones Lang LaSalle
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