Good Signs For The Commercial Real Estate Market.

According to property research firm Reis Inc. there are some good things happening in the Office Market...

• Occupied office space increased for the first time in nearly three years.
• Average office rents rose by 0.2% to $22.09 per square foot.
• In the last Qtr of 2010, occupied office space grew by 2.5 million Square feet.

...but it shouldn't surprise you to hear that not everything is Rosie.  In general the office market is still weak. The national vacancy rate is 17.6%, and average rents have not returned to 2008 levels.  Hey, it can't all come back overnight.

Click the link below to read a Wall Street Journal article by Anton Troianovski  entitled Fresh Signs of Life in Office Market.

WSJ - Office Market

Joe