CRE Growth is Slow but Steady
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Mosler: “There’s enough demand to keep us in balance,” while supply growth is being kept in check.
NEW YORK CITY—Put a bunch of local commercial real estate executives together—which will happen Wednesday at RealShare New York—and there are a couple of things they agree on. First, the market’s strength is undeniable, by a number of measures. Second, the way in which the rate of property leasing and sales has grown, and is poised to continue, is possibly the healthiest way forward.
“We’re in a very strong real estate fundamentals marketplace right now in Manhattan,” declares Arthur Mirante, principal and tri-state president, Avison Young. “Demand is steady but not off the charts and we have new development and new product, which is always healthy…
