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Office Market Making A Gradual Comeback

Economic fundamentals, like employment, are inextricably linked to the performance of commercial real estate. As companies shed jobs over the past two…

By Ryan Clark - Managing Editor of GlobeSt.com. | Updated on December 09, 2011

Economic fundamentals, like employment, are inextricably linked to the performance of commercial real estate. As companies shed jobs over the past two years, office markets across the country experienced a surge in vacancies. Emptying buildings led to reduced cash flows, declines in values and increasing distress. However, the rebounding economy may prove beneficial to the foundering office sector.

“It looks like we’re at the cusp of nearing stabilization, ‘ says Kevin Thorpe, chief economist at Cassidy Turley. “But it would be premature and imprudent

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