Commercial Real Estate Priced for Perfection and Poised to Deliver in 2007

BOSTON, Dec. 18 /PRNewswire/ -- Colliers International, the global real estate services provider, today released its 2007 Real Estate Forecast, providing an in-depth look at the nation's commercial real estate market with prognostications for the coming year -- specifically, the industrial, retail and office subsets. According to Colliers' research, the U.S. commercial real estate sector will surprise on the upside in 2007, even amid potential stumbling blocks such as the weakening housing market and still high energy costs.

GENERAL OVERVIEW

As anticipated, virtually all property types and all regions nationwide experienced a very buoyant and active 2006. Leasing activity was high, rents increased and investors' appetite wasn't nearly satiated. "Investors bet everything would go their way in 2006 -- and their gamble was absolutely correct," remarked Ross Moore, senior vice president and director of market and economic research for Colliers International. "Real estate's time in the sun looks sure to continue for at least another 12 months." read more

by Colliers International