Here is a great article by the AP posted on the NY Times website about the Commercial Real Estate Market gaining some forward momentum in absorption and inventories that equal new jobs. What do you think about the article, please share your thoughts with us. Click the link above to read the entire story.
By THE ASSOCIATED PRESS
Published: April 9, 2010
LOS ANGELES (AP) — After one of the worst years in decades, the industrial property market is slowly regaining its footing.
Companies are beginning to stock up on goods again after holding back the last two years during the recession. Exports are up and manufacturing activity jumped last month to the fastest pace in more than five years.
That’s helped re-ignite demand for warehouse and manufacturing space, particularly around major seaports and other trade hubs. Companies such as The Procter & Gamble Co., Williams-Sonoma Inc., and Kraft Foods Inc., have signed new leases in recent months for industrial properties.
The trend is a good sign for the economy because it signals executives are more optimistic about their business prospects. And when companies expand, they often increase hiring.