Commercial Real Estate: 2012 Growth

Commercial Real Estate: 2012 Growth Expected

Commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend for 2012, NAR forecasts. “Vacancy rates are flat, leasing is soft and concessions continue to make it a tenant’s market, but with modest economic growth and job creation, the fundamentals for commercial real estate should gradually improve in the coming year,” says NAR Chief Economist Lawrence Yun.

Details

Commercial to See Improvement in 2012

Commercial to See Improvement in 2012

Measured improvements in commercial real estate markets and the broader economy are expected because job growth and other economic factors are slowly improving, said NAR Chief Economist Lawrence Yun in a commercial update he gave at the 2011 REALTORS® Conference & Expo in Anaheim last week.

Announcing the Broker of the Year Award Winners

Congratulations for the 2011 Broker of the Year Award Winners!  Finalists in categories of industrial, office and retail brokerage were selected based on the total amount of square feet of both leased and sold comparable transactions completed in the 2010 calendar year and entered in the KCREA database.

Industrial: L. Powell Spears, Cassidy Turley Harry K. Moore
Office:  Larry Fuller, Fuller Commercial Real Estate
Retail: Timothy B. Gramig, Cassidy Turley Harry K. Moore

Rising Star Award Winner:  Clay Hunt, Cassidy Turley Harry K. Moore
The Rising Star Award is given to "up and coming" commercial brokers who are relatively new to the industry based on 2010 transactions entered in the KCREA database. 

Kentucky Commercial Real Estate Conference - Oct 7th

GLAR elections are over

Congratulations to the newly elected officers of the Greater Louisville Association of REALTORS

Paul Ogden, President-Elect

Lester Sanders, Secretary/Treasurer-Elect