While most of the country experienced a rainy summer, the Federal Reserve sees clearing skies ahead for the commercial real estate market.
That was the view on a recent episode of the “Commercial Real Estate Show” radio program. Brian Bailey, a senior financial policy analyst for the Federal Reserve Bank of Atlanta, joined me to discuss banks, job creation and how Obamacare will affect commercial real estate.
Improving commercial real estate market
Commercial real estate is beginning to experience some real vibrancy, Bailey said. Vacancy rates continue to move down, even in hard-hit sectors like retail. The uptick in online sales has caused industrial vacancies to fall as online retailers add distribution centers to fulfill higher-than-ever demand, he added.
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