43 Urban Village Live + Work New Construction written by: Frank Vigliotti, Realtor®, Global Sales…
Multi Family Florida Real Estate Commercial Realtors Henri Frank Group
The commercial real estate market hasn’t shown declines this year and isn’t projected to show any improvement throughout next year either. The Sentiment Survey from the Real Estate Roundtable for the third quarter shows that the multifamily and gateway markets haven’t been affected this year.
74% of those surveyed expressed that current market conditions are slightly better than last year compared to only 60% of those who stated the same last quarter The amount of commercial real estate execs who believed that market conditions will be better in one year has decreased 11% from 69% to 58% since the last quarter.
The most recent survey from Roundtable notes that the recovery of the commercial real estate market is somewhat disproportionate. The ambiguity of the economic future of the United states, the countless tax and budget quandaries are just a few of the reasons why the confidence of real estate executives doesn’t seem too promising.
The false sense of assurance seen in the first two months of this year from previous surveys was dissolved in the middle this year when the Federal reserve resigned their projections for economic improvement in the United States. After three quarters of depressing data regarding employment, the commercial real estate industry has been affected as well.
The South Florida commercial real estate market has continued to be affected by fundamental issues such as defaulted loans and decreased property value across the United States. This study notes that in order to improve the employment conditions, decrease the amount of defaulted commercial real estate loan, and create long term commerce in the United states is to modify policies.
Based on research gathered from the Sentiment Survey regarding equity availability and debt in the United States, less participants considered our present economic conditions better than those a year ago. There was an increase in the amount of individuals who consider our equity and debt conditions the same as conditions a year ago and a decrease in participants who expect a decline in these conditions one year in the future. There was a 16% decrease from last quarter in the amount of participants who project property values to increase one year from now.
The economic conditions of our country greatly affect the condition of the commercial real estate market and hopefully we see an increase sometime soon.
Commercial and Residential Realtors of the Henri Frank Group at Remax Preferred is located at 2810 E Oakland Park Boulevard, Fort Lauderdale, Florida. Also, offices at 2166 Wilton Drive in Wilton Manors, Florida and 2 University Drive in Plantation, Florida and on Ocean Drive at the Hillsboro Inlet to the Hillsboro Mile in Hillsboro Shores, Florida. Call 954-604-9999 or go to their website at https://henrifrank.com or find the Henri Frank Group on FACEBOOK, Twitter, Pinterest and other social media. For knowledgeable, experienced, professional Realtors, contact Henri Vezie and Frank Vigliotti of the Henri Frank Group today. We are a group of Realtors who know the market and can assist you with all your real estate needs.