Commercial Real Estate Spikes after Hurricane Katrina
THE DEMAND FOR COMMERCIAL REAL ESTATE space following Hurricane Katrina spiked in the regions surrounding the disaster zone, providing additional stimulus to major commercial market sectors that were already experiencing growth, according to an analysis by the National Association of Realtors (NAR), Chicago.
Key industries in the affected zone will need to rebuild or relocate in order to survive, said David Lereah, NAR's chief economist.
"We've been hearing about rapid absorption of commercial inventories in nearby areas that survived widespread hurricane damage. In addition, the need has extended geographically to other areas, with increased demand for space in adjacent …
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Publication information: Article title: Commercial Real Estate Spikes after Hurricane Katrina. Contributors: Not available. Magazine title: Mortgage Banking. Volume: 66. Issue: 2 Publication date: November 2005. Page number: 109+. © 2009 Mortgage Bankers Association of America. Provided by ProQuest LLC. All Rights Reserved.
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