Posts tagged St. Louis
Third quarter 2012 reports are available here for the St. Louis industrial, office and retail sectors. Check out the reports for details on vacancy and rental rates, absorption, construction trends and major lease transactions. You can also receive the reports via email by joining our email list. Look for more information on market trends in the weeks to come as Vice President Andy Murphy, CCIM is published in the November issue of Heartland Real Estate Magazine.
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.”
First quarter 2012 reports are available here for the St. Louis industrial, office and retail sectors. Check out the reports for details on vacancy and rental rates, absorption, construction trends and major lease transactions. You can also receive the reports via email by joining our email list. Look for more information on market trends in the weeks to come as principals John Sheahan, Peter Sheahan and Carl Conceller participate in interviews with industry publications.
Commercial real estate firm NAI DESCO announced it will increase its inventory and agents by 50 percent with the acquisition of competitor Coldwell Banker Commercial’s St. Louis brokerage division.
NAI DESCO is a full-service brokerage firm offering a wide range of services to institutional and individual owners of real estate as well as tenants and buyers. The firm focuses on corporate real estate services and brokerage of industrial, medical, office, retail and investment properties.
The following is an excerpt from Vice President Tom Erman’s presentation at the annual St. Louis SIOR Forecast breakfast:
I saw an article recently that stated “If we are always looking in the rear view mirror it is hard to keep our eyes on the road ahead.” The lesson is obvious, we can not ignore the past but rather we should learn from it and have the ability to quickly look forward and responsively meet the challenges of our daily tasks.
In the early 90’s we saw the commercial real estate market in a state of upheaval, with the savings and loan debacle causing values to plummet. The eventual result was a turn around starting in the mid 90’s with values of properties reaching market level heights not seen before.