According to a recent CoStar Blog post "Banks reported that commercial real estate markets displayed mixed results - still mostly negative - but that leasing markets and investment exhibited increasing signs of recovery, while nonresidential construction remained weak."
This doesn't mean that a full recovery is near, but any signs of improvement are good.
"We expect that the worst of the commercial credit cycle is behind us but
we expect a few more quarters of uncertainty and choppiness in
commercial charge-offs and non-performers."
Richard D. Fairbank, founder, chairman, and CEO, Capital One Financial Corp.
Via: OfficeTimes BlogBuying Office Space , Office Space , Office Vacancy Rate