U.S. commercial market has strong spots, says expert

The commercial market is improving in some areas.

There are some parts of the U.S. commercial real estate market that are doing particularly well during the recovery, and much of these areas are located on the East Cost, according to Philip Rosen, a partner at Weil, Gotshal & Manges LLP.

Rosen, who was interviewed by The Metropolitan Corporate Counsel, noted that New York, Boston and Washington, D.C., are among the strongest areas for commercial real estate activity in the country. Much of the rest of the country is lagging behind, he noted. With this in mind, there are still some other parts of the U.S. that are improving, such as Houston, Dallas and some West Coast cities.

"I actually think that Los Angeles has made a nice recovery, and there are signs of recovery in San Francisco as well, but they’re not as strong as the three East Coast cities that I mentioned," Rosen told the news source.

Continued improvement in some of the weaker areas of the country – especially the Midwest – could give commercial real estate companies more confidence to get more involved in secondary markets as the economy recovers.

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