Good Weather Ahead for Commercial Real Estate Industry

There are many signs and indicators that 2011 is going to be strong and productive for the overall economy in general and the real estate industry in particular.  The stock prices of some of the larger REITs and brokerage companies such as Vornado, SL Green, JLL and CBRE have all risen considerably in the past few months.  With the expected changes in Congress there will be a psychological lift throughout the business community that will encourage corporate executives to hire and expand.  The recession and low interest rates have resulted in companies having more cash in reserve and higher profits due to reduced payrolls.

The new optimism will begin to encourage companies to produce more, hire more and do more, which means more business for the real estate industry. Those firms which have hired new quality sales people and fine tuned their operations and their marketing departments will be ready to take on the many opportunities that will become available. 

It will soon stop raining and the sun will come out tomorrow!  Those who are ready will benefit from the good weather ahead.

-Gil Robinov

Gil Robinov is an Executive Managing Director at NAI Global New York City. New York is home to more than 185 member governments of the United Nations. Robinov is recognized as the industry leader in this marketplace and has represented over 25% of these organizations.