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Commercial Market Boom To Continue

BOSTON-The boom in commercial real estate should continue into 2007 with more development helped by lower interest rates and an influx of capital investment.

By Beverly Ford | Updated on December 20, 2006

BOSTON-The nation’s commercial real estate market should remain strong in 2007 as continued low interest rates and growing investment dollars give a boost to the sector, according to Colliers International’s 2007 Forecast Report. “Hold onto your hat. It’s going to be another exciting 12 months,” Ross Moore, senior vice president and director of market and economic research for locally based Colliers, tells GlobeSt.com.

Moore says among the key trends next year will be the greening of the industry as more developers adopt environmentally friendly building practices that will lead to a majority of LEED certified office projects. Development will also trend toward mixed-use projects combining residential, retail, office and hotel formats, many of them centered around transportation. Infill building and conversions will also rise and adaptive reuse will soar as development in many city cores continues to heat up.

Investment sales will continue to be robust throughout the country, Moore says, with international investors looking for more outlets for capital in the US investment market.

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