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Commercial Real Estate Vacancy Rates Improving, Rents Firming
WASHINGTON, DC, Feb 24, 2012 (MARKETWIRE via COMTEX) -- According to the National Association of Realtors(R) quarterly commercial real estate forecast, all of the major commercial real estate sectors are seeing improved fundamentals, but multifamily housing is becoming a landlord's market commanding bigger rent increases. These trends also are confirmed in NAR's recent quarterly Commercial Real Estate Market Survey.
Lawrence Yun, NAR chief economist, said vacancy rates are improving in all of the major commercial real estate sectors. "Sustained job creation is benefiting commercial real estate sectors by increasing demand for space," he said. "Vacancy rates are steadily falling. Leasing is on the rise and rents are showing signs of strengthening, especially in the apartment market where rents are rising the fastest."
NAR forecasts commercial vacancy rates over the next year to decline 0.4 percentage point in the office sector, 0.8 point in industrial real estate, 0.9 point in the retail sector and 0.2 percentage point in the multifamily rental market.
NAR and DOJ Reach Historic Agreement on MLS Policy | RealTown ...
of REALTORS® has reached a favorable settlement with the U. S. Department of Justice, resolving litigation between them regarding how listings from multiple listing services are displayed on brokers&rsquo. This is clearly a win-win for the real estate industry and the consumers we serve,&rdquo. The proposed final order, to be filed with the federal district court in Chicago today, validates NAR&rsquo. s settlement compromise, that the real estate industry is dynamic, entrepreneurial and fiercely competitive. s longstanding Internet Data Exchange (IDX) policy and strengthens the rule governing participation in multiple listing services....
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Real estate competition and antitrust actions
If discount and limited-service real estate brokerages have yet to take off as spectacularly as their most enthusiastic boosters had anticipated, one reason could be that in some markets, the rules have been stacked against them, regulators say.
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Gran Tierra Energy Provides South America Operations Update Gran Tierra Energy received an average realized oil price of US$78.13 per barrel during the fourth quarter of 2010 in Colombia, reflecting a discount to West Texas Intermediate ("WTI"). In the first quarter of 2011, Gran Tierra Energy received an |