Ed Wulfe could not remember a worse time in real estate than 2008 - 2010. All the negative factors lined up for that perfect storm. But today the corner has turned and positive signs are showing up with population growth being the key factor.
Other key factors are an occupancy rate of 86% and stable rental rates. New retail being built and opened in 2011 will hit around 1 M Sq Ft. a huge drop from 6M in 2008 and 3M in 2009. Less space being built should push up rental and occupancy rates. Anchor tenants will play a major role with HEB, Walmart, Phoenicia and Whole Foods leading the way.
Another standout has been Restaurants. Everyone thinks they are a chef. Some well funded ones are even anchor tennants.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment