U.S. commercial property prices rising

By Bloomberg News
POSTED: 11/05/2010 01:00:00 AM MDT

NEW YORK — U.S. commercial- property prices are rising in desirable investment markets such as New York and Washington while office vacancies are beginning to fall more broadly, according to top real-estate executives.

Values are “substantially” off the bottom after more than a year of decline, said Steven Roth, chairman of Vornado Realty Trust. Hotels and multifamily properties are leading the rebound, said Barry Stern licht, chairman of Starwood Capital Group LLC in Greenwich, Conn.

Read more:U.S. commercial property prices rising – The Denver Posthttp://www.denverpost.com/business/ci_16527639#ixzz14QbwCX4h

 

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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