According to Bloomberg Businessweek, U.S. commercial real estate yields are near the highest level relative to Treasury bonds on record. Now may be the time for you to invest in commercial property. Steven Roth, chairman of Vornado Realty Trust, points out that U.S. commercial property prices are recovering. Hotels and multifamily properties are leading the rebound, according to Barry Sternlicht, chairman of Starwood Capital Group LLC.
New York-based research firm Real Capital Analytics Inc. forecasts that U.S. property deals will probably double next year, and may account for almost a quarter of global transactions.
Commercial real estate rents are poised to rise in 2011 after reaching a low this year, according to Bruce Mosler, co-chairman of Cushman & Wakefield Inc., the largest closely held property services company. The New York and Washington markets are in most demand from real estate investors, said Jonathan L. Mechanic, a partner at Fried, Frank, Harris, Shriver & Jacobson LLP in New York. (credit k. demarco)