Commercial Real Estate Recovering Fast

And now, back to the news:   NAR reports that the commercial real estate market is recovering far faster than many of us thought it would.  I’ve sure seen antidotal evidence of this.   I have many Southern California buyers looking for decent returns by going out of state.  Since they will be hundreds if not thousands of miles from their properties, they cannot be engaged in the day to day management so what we like is new or newer, national credit, single tenant, single parcel if possible, triple net absolute retail.  Couple those requirements with the lack of new construction over the last 2 ½ years so when something comes up that’s a fit, they have but a few days to jump or it’s in contract.  I’m commonly seeing multiple offers and product selling for over asking so – here we go again.  

Realtor.org – CRE Market Recovery quickly