IRVINE, CA—Auction.com Research, the market-research division of leading online real estate marketplace Auction.com, is cautious bullish on the commercial real estate sector as the first quarter of 2013 winds down. Predictions of continued growth for the rest of the year are included in its Quarterly Economic and Real Estate Update, which provides an overview of the domestic economy and capital markets, and looks at property conditions in each commercial sector.
“The US economy ended 2012 in the doldrums but started off 2013 on a more positive note,” said study author Peter Muoio, head of Auction.com Research. “Employment, household net worth, retail sales and business indicators are up and uncertainty has receded. Nevertheless, risks remain, with the potential impact of tax increases and federal spending cuts still uncertain.”
The report provides a “current state” of commercial real estate sectors – office, retail, warehouse, multifamily – and offers Auction.com Research's latest forecasts for each:
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
