Commercial Real Estate Serves as Investment Foundation
April 20, 2012
Purchasing San Diego commercial real estate for sale may provide refuge for educated investors
looking for shelter in the midst of economic instability, according to
Expectations & Market Realities in Real Estate 2012: New Foundations in an
Uncertain World, a report published jointly by Real Estate Research Corp.,
Deloitte, and the National Association of Realtors.
Capital continues to
flow in search of San Diego real estate investment opportunities, and it’s not expected
to subside anytime soon.
“The longer the economy
and investment environment remain uncertain, the more attractive and logical commercial
real estate looks as an investment and the more nicely it fits into a
mixed-asset portfolio,” says Kenneth P. Riggs Jr., CCIM, CRE, MAI, chairman and
president of Real Estate Research Corp. “Commercial real estate does not have
the major swings that we have been seeing in the stock market. It is a tangible
asset in this world of surprises, it has the needed income component, and still
provides for upside once this world gets its act together.”
This translates into
greater stability than many investment alternatives, Riggs explains. A solid,
tangible foundation is what investors will be looking for, at least for the
next 10 years, he adds.
“There is life out
there, despite the uncertainty,” says Lawrence Yun, chief economist at NAR.
“Commercial real estate was not overbuilt when we entered the recession, and
absorption is positive for most sectors. We expect commercial real estate
fundamentals to continue to improve with additional demand for space, assuming
the economy continues to create jobs.”
Source: CCIM News Center
DISCLAIMER: This blog has been curated from an
alternate source and is designed for informational purposes to highlight the
commercial real estate market. It solely represents the opinion of the specific
blogger and does not necessarily represent the opinion of Pacific Coast
Commercial.
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