Healthy Signs for Commercial Real Estate!
The economic climate continues to improve. Revenues of nonfinancial companies have recently returned to pre-recession levels, and U.S. companies are spending more on capital assets, inventory and other expenses, and these are positive indicators for the U.S. economy.
This is a good sign for commercial real estate. We foresee office, industrial, retail and multifamily all with lower vacancy in 2013 vs. 2012 and higher absorption and completions.* So, now is not the time to be complacent! We have to continue to deliver great service.
Commercial customers, like any other, have choices. At Stewart’s National Title Services we have the underwriting, closing and policy expertise to handle commercial customers on a national basis; and we can provide the expert response necessary for great customer service. Our customers choose us because we have developed lasting relationships that add value. In many instances we become a partner with our customer to help them solve problems or simply get the deal done, and this fosters loyalty.
*According to Fistac, Inc. Non-Residential Real Estate Market for 2013 October 2012