Lancaster PA Commercial Real Estate

NAI Global Market Report – 2010

NAI Global Market Report 2010

This report is a comprehensive overview of US and worldwide markets presented as a courtesy to my clients and readers of LancasterCommercial.com.  There is a great deal of data and insight in this 140 page report.  Call me with any questions on interpretation or how to apply these insights to your investing goals.

John is now able to provide clients with a valuable new information tool:

Retail Market Potential

The Retail Market Potential report offers a comprehensive look at the number of adults or households expected to consume products or services in a variety of retail categories.  A market potential index (MPI) measures the relative likelihood of the adults or household in a specified area to exhibit certain consumer behavior compared to the U.S. average.  Retail categories include, but are not limited to, food, health, computers, beverages, travel, apparel and entertainment.

Click here to view a sample

The Commercial Leading Indicator for Brokerage Activity1 rose 0.9 percent to an index of 102.4 in the third quarter from 101.5 in the second quarter, but is 11.1 percent below a reading of 115.3 in the third quarter of 2008. The index in the second quarter was at the lowest level since the first quarter of 1994; NAR’s track of the commercial leading indicator dates back to 1990.

via Commercial Real Estate Forecast Uncertain.

South Central PA economists weigh in on how the economic recovery is likely to proceed.  Today’s headline of much lower unemployment is on track for an employment bottom and subsequent recovery in early 2010.  Below find and excerpt and link to the full article.

Dye, vice president and senior economist for The PNC Financial Services Group, said the recovery likely would be a gradual “U-shaped recovery,” rather than a sharper “V-shaped” one. Basu, however, noted about one-third of economists are predicting a “double dip,” a second downturn.

via Two economists predict recovery, question endurance – Central Penn Business Journal.

Further indication that the job loss curve is approaching a trough.  When the curve goes flat – i.e. net job loss is zero – this will forecast the recovery of commercial lease rates and hence commercial property values.

Nation losing jobs at a slower rate, two reports show – Nov. 4, 2009.

Decline in commercial real estate sector is slowing