Apartment sector leads market recovery

With the commercial real estate market still struggling to recover, investors remain focused on core assets and proven markets, according to the third-quarter findings of PricewaterhouseCoopers’ Korpacz Real Estate Investor Survey released today. The report found that the apartment sector is continuing to lead the market recovery, with improvements being seen in occupancy and demand. Overall, the office market continues to struggle, the report says. Although the vacancy rate for the national office market improved slightly, job growth and weak tenant demand remain top concerns. The retail sector showed mixed reviews. While leasing activity remained sluggish in the national mall market during the second quarter of 2010, investors noted that the dynamics of the leasing market are stabilizing. TRD