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Conference Attendees: Real Estate Market Still Looks Good

WASHINGTON, DC-Participants in the National Association of Industrial and Office Properties conference here report real estate is still a solid investment and the future of the market will remain positive for at least another year.

By Diane Cook | Updated on November 14, 2000

WASHINGTON, DC–Barring major catastrophes or earth-shattering events, the real estate market continues to look good for the next 12 to 18 months. That seems to be the conclusion of about 100 lenders, developers and commercial real estate specialists who attended the National Association of Industrial and Office Properties capital markets update and outlook conference at the Willard International Continental Washington here.

“The crystal ball was fairly positive from the capital markets perspective,” says Bob Moody, a Denver-based commercial lender and chair of the NAIOP seminar education committee. “And that’s across the entire country. There are no areas red-lined or suspect. Some areas, the big five, are stronger than other areas. Having said that, there are other opportunities in other areas for possibly less than the very large pension funds.”

The big five represents major real estate markets throughout the nation–San Francisco, Chicago, Washington DC, New York and Boston. Besides the capital markets, the closure of so many dot-coms doesn’t seem to have had a significant impact on the market, according to Laurie Root, vice president of education for NAIOP.

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