AUSTIN (Austin Business Journal) – Grubb & Ellis Co. ranked Austin the best U.S. city for long-term investment in commercial real estate, while Houston placed sixth.
The California-based company expects commercial real estate to falter at a slower rate in 2010, bottoming out at the end of the year and beginning a slow recovery in 2011.
Grubb & Ellis forecasts the investment market to rebound slightly in 2010, with some assets entering the market. This uptick should prompt increased sales volume of 20 to 30 percent. The forecast also predicts the record-high office vacancy rates to continue, stretching as high as 19 percent by the end of the year.
About Shin Oak Realty
- Candice O'Dell, Realtor
- Liberty Hill, Texas, United States
- Professionally, I am a Realtor at Shin Oak Realty, currently working to complete requirements for my Brokers License. We are a full Real Estate Office specializing in the Central Texas Real Estate market. Residential, Commercial, Ranches - we do it all! Personally, I am a professional, mom, volunteer and friend. I love photography, technology, and traveling.