Commercial Real Estate at Pre-Recession LevelsPosted: Updated:
The regional vice president of research at Cassidy Turley says new commercial real estate numbers indicate a transition from recovery to a full-fledged expansion. Jason Tolliver says Indiana's industrial sector strengthened in the second quarter in all 92 counties for the first time since before the recession. The company's quarterly report suggests every aspect of commercial real estate is experiencing growth. In an interview on Inside INdiana Business Television, Tolliver also details growth in the retail and office sectors. You can view Cassidy Turley's Commercial Real Estate Midyear snapshot by clicking here.
You can view Cassidy Turley's Commercial Real Estate snapshot by clicking here.
The report suggests much of the demand is coming from auto sales, housing construction and e-commerce companies.
Cassidy Turley says the Indiana office market rebounded sharply in the second quarter of 2014. In fact, it was the strongest quarter-to-quarter rebound on record. Demand for Indiana office space grew by over 400 percent from the first quarter, with the state absorbing nearly a half million square feet over the last three months.
So far this year, restaurants, clothing outlets and department stores have seen sales pick up, while purchases of furniture and building materials softened.
Source: Cassidy Turley, Inside INdiana Business