Commercial Real Estate Still Sluggish
In these times of hard to come by money and mortgages, seeing a commercial market that is sluggish is not unexpected. To me, it’s better than having a huge down turn in the market, as commercial markets tend to lag against residential markets.
Eleanor Snite had this to say about the commercial numbers over the last couple of years:
The total square feet of commercial space developed in 2010 by the companies that responded to the survey was 913,333. That compares to the 1.2 million developed in 2009.
This isn’t a bad signal. If the commercial market can hang on, that’s an indication that a turn around might not be too far in the future.
You can get the details of the story here.
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Jeffry Evans
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So what’s your take on leasing over buying. We’re more interested in renting or leasing
Leasing is great if your plan is to stay only temporarily, or you are anxious to move on to another job, etc. But owning gets you the tax benefits, and generally ends up being cheaper. Plus, there’s no better time than right now to buy a home.