While the rates of improvement differ, all sectors of commercial real estate in the Midwest will improve in 2012, according to a new study on trends and opportunities in the Midwest Commercial Real Estate market.
“Rental housing is the current shining star of commercial real estate,” said John Wise, author of the study and director of commercial real estate at BMO Harris Bank. “Industrial development is gaining traction, although demand for office and retail properties is mixed.”
Demand for medical-related space in the Midwest will remain generationally strong as baby boomers reach retirement age and utilize more medical services. However, demand for multi-tenant office space remains tepid, and significant gains in new construction are still several years away.
To access the study, click here.
