A recent article in REJournals.com noted that the grocery store anchored strip center remains a strong performing retail category. In all geographic markets, there is an over abundance of retail space. There are several reasons for the excess space:
1) Developers overbuilt with the availability of easy financing.
2) The economy has forced
The ubiquitous refrain at any gathering of commercial real estate professionals in the past 24 months can be summed up in a few short questions: Are you busy? Who is lending? No, seriously, who is lending? And — of course — when will this end?
As 2011 kicks into gear the refrain is the same but our
The Associated General Contractors of America’s and Navigant’s recent industry-wide survey "Finds More Construction Firms Plan to Hire than Lay Off in 2011." Read the AGC article with more links to state-specific data for the industry-wide Survey. Included are numbers for Illinois and Ohio. Survey results in both Illinois and Ohio indicate that the construction market should begin to grow again