Investment sales boom around the country

Commercial real estate investment has increased.

Cushman & Wakefield explained in a report that commercial real estate investment sales in the United States may be the highest in the world.

Total U.S. investment this year is projected to total $253 billion, which would be 25 percent higher than last year's figures, Commercial Property Executive explained, citing the firm. In addition, this is would be the best year for commercial property managers in the United States since 2007. During that year, total investment was approximately $500 billion.

One of the strongest investment markets in the country was New York City, as the area should have a significant improvement this year, the firm said. Overall, 2012 should see $32 billion in investment, which is up from last year's $26 billion.

However, there is still significant vacancy in the city, as it is approximately 9 percent, the report explained. This is still with more than 1.2 million offices occupied around New York City. In 2008, the vacancy rate was 6 percent. The city's offices still grew in 2012, as the city gained 35,000 jobs during the first five months of this year.

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