NAR: Commercial Property Vacancies Set to Decrease Business Articles | December 7 Cheap Muhammad Wilkerson Jersey , 2010 NAR has announced a bullish outlook for the US commercial Real Estate market. The realty group said vacancy rates for the properties could already have peaked and is set to go down.
The National Association of Realtors (NAR) is confident that vacancy rates of commercial Real Estate in the US have already reached its peak and would soon fall. The realty group expects vacancy rate for existing office spaces to rise to 16.7% in the fourth quarter of this year. It is also optimistic that the rate would gradually drop to 16.4% on the fourth quarter of 2011.
The group?s index that measures commercial Real Estate conditions climbed 1.6 percentage points in the third quarter to 42.6. That is still way below the equilibrium level of 100, which represents balance in the marketplace. It could be recalled that the last time equilibrium was reached in the commercial Real Estate market was in 2007 (third quarter). The index remained weak, but it marked a fourth consecutive quarterly rise.
The group also expects rental fees in the commercial property market to continue declining. This is because the vacancy rates remain and is expected to remain high despite slow improvements. High vacancy rates equate to falling rental fees, in accordance to law of supply and demand.
Analysts from NAR emphasized that their outlook for industrial and office markets remain moderate. They expect vacancy rates to modestly decline in the coming months until the end of next year. However, the retail sector, according to them, is expected to hold fairly steady.
Market observers note that a sluggish commercial property market has been dragging down overall economic growth in the last 2.5 years. They added that the weak commercial Real Estate market has also been affecting the gross domestic product figures in nine out of the last 10 quarters.
Rate of vacancy in apartment rental buildings is forecast to drop to 5.8% in the fourth quarter of 2011. It is expected to rise to about 6.4% in the fourth quarter of this year.
NAR?s commercial property report and analysis came amid a streak of several good news for the Real Estate industry in the third quarter. The US Federal Deposit Insurance Corporation has recently announced that the growth of default rates in commercial property mortgages modestly rose to 4.36% in the quarter from 4.27% in the preceding quarter.
Housing and Real Estate conditions across major property markets in the US continue to post encouraging third quarter results and data.
For more news and information about the Real Estate scene in the US Cheap Jimmy Graham Jersey , regularly check out .
Iquitos & the Amazon Part One
It was December 2, l959, I was sitting on a small prop-plane leaving Iquitos, Peru for a trip down the Amazon toward the opening, the mouth of the mighty Amazon,--to Manaus. As we flew low one could see the waters of the Amazon, the city always impressed me Cheap Tramon Williams Jersey , but more from this birds-eye view, you could see the mighty river in its squid like form, with all it tentacles [contributories: waters linking to the river]. It would get smaller, and then wider as you flew along it's stretched out body, it was four miles wide at one point, and that was nothing compared to other spots of the Amazon? In the jungle area, it was a sea of green Cheap Antonio Morrison Jersey , nothing but towering green. It was said it could produce as much water flow as the any seven other largest rivers in the world. It was they said the longest river in the world, seemingly always debating it with the length of Nile. There were eight passengers to include me, the pilot and co-pilot, making us ten in all.
I liked Iquitos, especially the Iron House, the very one made by none other then Mr. Eiffel, the one who made the tower in Paris. I had eaten for the first time Pirana Roia Cheap Jermaine Whitehead Jersey , it was delicious, except for the many bones, and the fish wasn't all the big once you cut the head off, although the teeth looked like a baby sharks, dead and unpleasing. I had caught a few fishing, it there was a secret to that. I used a stick for a fishing rod, and tied a string on it with a semi-big hook Cheap Justin McCray Jersey , and put a big piece of meat on it. Then when the fish took hold of it, the Pirana that is, he doesn't chew it, or even bit into it like other fish, he rips it outward, and so at first touch, the fisher man has to yank it upward to hook the fish right under his upper teeth. He had a big low jaw Cheap Kenny Clark Jersey , but a small upper portion to his head so if you do not do this he will not be hooked. Actually you may hook his upper teeth for they extend out as does the lower one.
As we continued to fly down the river about 125-miles we started to go inland form the river, t he view was tremendous, the height of the trees. With my binoculars I could see what the co-pilot called the big lazy bird up in the trees; we were less then 100-feet over the top of the trees, and some of the monkeys. Then all of a sudden I heard a shot, it hit the wing, and then another. The co-pilot, Henry Cheap Jamaal Williams Jersey , looked out my window didn't see anything unusual, then Captain Derry, came in,
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