Digital News Report – A recent report from the Grubb & Ellis Company place two bay area cities in the top commercial real estate markets.
The commercial real estate broker placed San Francisco number four in a strength forecast list of U.S. retail markets. Washington, Los Angeles and New York outscored San Francisco.
In a forecast of U.S. office market strength, Oakland ranked seventh behind San Francisco. New York ranked number one.
Oakland ranked third in industrial strength.
These are forecasts provided by real estate broker. The broker calls weaknesses in the markets a “new normal” that should improve over time.
By Tina Brown