Jobs, Jobs, Jobs- that’s how we will exit this recession/recovery! Unfortunately, the numbers from the East Bay Economic Development Alliance indicated a protracted stay in this recovery trench. The trend is headed in the wrong direction, thankfully, the total loss of jobs for the East Bay was only 400. Read the full report .
By my last rent survey, apartment rents are holding and vacancies are being held to a minimum, roughly 8%. I have not heard of anyone pushing rents. The commercial real estate market is very dependant on jobs. Jobs create Economic Confidence, something that is lacking in today’s economy. Economic Confidence gives consumers the faith that they will be able to pay for goods and services. The good news for apartment owners is that there are more apartment dwellers than home seekers. The question is will they pay the rent?
If you or someone you know is looking to buy apartment or commercial real estate or just one commercial property OR if there is a consideration to learn more about group investments in commercial real estate please contact me. I can be reached via email at Pete@CommercialMasterMinds.com or just call (925) 719-3569
Lastly, I am NEVER too busy for your Commercial referral and I am happy to pay a 25% referral fee.To learn more about my background, visit Consult Pete. To learn more about my company services, visit Commercial MasterMinds.
Continued Success, Pete
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