Posts tagged Carl Conceller
The following is an excerpt from NAI DESCO Principal, Carl Concellor’s article regarding the state of Commercial Real Estate in the St. Louis region. The article appeared here in the summer edition of Southern Illinois University Edwardsville’s business Magazine, bWorld.
The real estate market has been heavily impacted by The Great Recession. While the current economic environment continues its slow march towards recovery, the real estate sector continues to struggle with a weak housing market and a loss of jobs and key employers.
“For 2012, considering the uncertainty in markets, the St. Louis Metropolitan area, although not glamorous, has held its own primarily due to the diversity in our employment base. We have lost jobs due to consolidation, relocation and or acquisition, but the education, medical and biotech, financial services and insurance, as well as transportation and distribution sectors remain steady and in many cases are expanding,” Conceller said.
The following is an excerpt of a story from CoStar, written by Mark Heschmeyer, published June 6, 2012. The original article is available here:
This week’s disappointing job growth numbers make it abundantly clear that it’s still a tenants’ market out there and no amount of aspiring to the contrary will make it easier for landlords fighting to attract and retain them.
The job news “is an obstacle and a cautionary line creating uncertainty in the short-term outlook,” said Carl Conceller, principal of NAI Desco in St. Louis, MO. “Landlords are keenly aware of the limited tenants in the market place and the need to maintain occupancy in a highly competitive market. Landlords will continue to be aggressive in structuring leases to capture tenants as early as possible, while blocking them from the competition.”