Reports on the first quarter are out and signs are showing that rent growth will resume within the next three years for the commercial real estate industry. According to CoStar Group’s First-Quarter 2012 Office Review & Outlook this will be a result of the continuation of positive absorption, which got a boost from smaller businesses entering new leases, paired with the decreasing amount of office space available.
CoStar economists also reportedB rent growth and office demand in the future will also be attributed to the economy turning temporary jobs into permanent, full-time positions at a quick rate, and employees working more hours on average. If you are looking to move your business into office space in South Florida contact Morris Southeast Group for all your commercial restate needs.
Source: CoStar Group
Tags: Commercial Real Estate Trends, Miami office property, South Florida commercial real estate, South Florida commercial real estate services
