While Residential Real Estate Slows, Commerical Remains Hot
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PricewaterhouseCooper completed a study that showed commercial real estate is still a great sector to be invest in. While on a macro level residential real estate in the United States has peaked, the hot economy is keeping the demand for commercial property hot and there are still profits to be made.
PricewaterhouseCoopers’ second-quarter real estate investor survey, released Monday, found that commercial real estate’s appeal defies concerns about higher energy costs, rising interest rates and the possibility of higher interest rates down the road.
“With the overall economy showing continued strong gains in employment as well as high levels of consumer confidence, investors seem poised to continue their long-standing infatuation with the U.S. commercial property markets,” said William Croteau of PricewaterhouseCoopers. via United Press International

