Analysts Predict Continued Commercial Property

Market Growth in 2014 By Gary Guion

Private equity professional Gary Guion earned a degree in business administration from the University of Texas at Austin McCombs School of Business before beginning his career as a real estate investor. Today, Gary Guion owns and operates a Texas-based private equity firm, through which he largely funds real estate projects, including commercial developments.

Introduction

Analysts at Jones Lang LaSalle (JLL) predict continued growth in the global commercial real estate sector for 2014. For the U.S. market, the firm’s researchers expect the disconnection between strong investment markets and cautious leasing markets to lessen compared with 2013. Pointing to a stronger-than-expected 2013 investment sales volume, JLL predicts global investment volume growth to rise 10 percent to approximately $550 billion in 2014. While leasing rates still lag, the firm also expects a modest 5.5 percent growth in office rents for 2014.

About Jones Lang LaSalle Analyst’s Predictions

In Texas, a booming economy continues to buoy the commercial real estate sector. The commercial property market in North Texas in particular has reached one of its highest points in more than two decades and office and retail space vacancies in the region have plummeted well below pre-recession numbers.

Conclusion