February 27th, 2007
Compass Commercial's Darren Powderly Addresses Over 600 at Real Estate Forecast Breakfast
Commercial real estate trends, indicators, and predictions for the coming year were the topic of Compass partner Darren Powderly's speech to a packed Bend Chamber breakfast club at the Riverhouse this morning.
Bend, Oregon
Powderly
covered 5 year vacancy and absorption data, as well as
presenting the numbers that signaled the breathtaking run up on
land prices over the last 10 years. In addition,
he presented Compass's predictions for 2007 activity
across the industrial, retail, and office sub markets.
His presentation included points such as: buyers will become more selective, owners will have to be more observant of cost controls, some properties will face price corrections, industrial condo sales will increase and the office market should prove very healthy. He recommended selling or developing Bend industrial land, and buying downtown Redmond properties among other points.
To see a PDF of Darren Powderly's slides you can click here to download his presentation.
(note: this is a 5MB file and may take some time to load depending on your system)
Click here to See The Current Issue of POINTS, our Quarterly Newsletter, and Our Past Issue Archive.
