Last week, Reuters reported that according to Moody's Investors Service, Indianapolis was one of the nations worst commercial real estate investment markets. Joining Indianapolis in this distinction was Detroit, Atlanta, Phoenix, and Cleveland. Further, it was reported that these markets will continue to be weak and were unlikely to recover soon."Worse" indicates rents are not projected to increase any time soon and the rental market for office, industrial and retail space will remain soft. Bad for investors. Good for Tenants. In general, the soft commercial real estate market is allowing most tenants to capitalize on the market by entering into leases that will cost less than anytime during the last decade.
I have not been disappointed on how attractive the rental terms have been on Carmen Commercial clients' leases we've negotiated during the past year. Excepting a few unique cases, every lease negotiation we've undertaken have brought clients significant lease cost savings.
According to Moody's, the best five commercial real estate investment markets are: Honolulu, Pittsburgh, Las Vegas, Newark and San Francisco.
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