Commercial real estate market looking improved in 2012

The commercial real estate market is looking better in 2012.

A commercial real estate panel recently examined the viability for the United States market in 2012, and the overall consensus was positive, according to GlobeSt.com.

The RealShare Real Estate panel in Los Angeles noted that compared to Europe, U.S. commercial property prospects are in good shape. One panel member suggested that the market was strengthening during the early part of 2011 due to more companies interested in taking financial risks. However, during the second half, economic issues tempered that feeling. This year, that interest could return in a big way.

"There's no doubt that the state of the commercial real estate markets around the country is better than it was a year ago and continues to show consistent improvement in terms of transaction volume, pricing and capital flows on both the equity and debt side," said Scott Farb, managing principal of the Reznick Group, according to the news source.

This feeling was also noted in an announcement from Jones Lang LaSalle. The company noted that spending from commercial real estate companies could increase far above levels seen in the past two years.

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