CHICAGO, IL, Jan. 18, 2012 /PRNewswire/ - Benefitting from strong fundamentals, Canada's commercial real estate markets continued to enjoy stability and growth in 2011 despite global economic uncertainty. Meanwhile, the
United States suffered from ongoing uncertainty, with limited good news
concentrated in a few select markets.
Each country has its risks and concerns, but better days should be ahead for both as the world deals with its financial issues.
These are some of the key trends noted in Avison Young's 2012 Canada, U.S. Forecast, released today.
The annual report covers the Office, Retail, Industrial and Investment markets in 20 U.S. and Canadian metropolitan regions: Atlanta, Boston, Chicago, Dallas, Houston, Las Vegas, Los Angeles, Washington DC, Calgary, Edmonton, Halifax, Lethbridge, Mississauga, Montreal, Ottawa, Quebec City, Regina, Toronto, Vancouver and Winnipeg.
"There is a dichotomy in the North American commercial real estate market. Canada is experiencing a period of stability and modest growth, while the United States continues to search for traction in the recovery process," comments Mark E. Rose (top right photo), Chair and CEO of Avison Young.
"Despite this disparity, things are looking up in both countries as global financial uncertainty is gradually resolved and clarity begins to emerge," he says.
"As Europe and the U.S. take steps to deal with their economic challenges and financial markets begin to rebound, there
will be opportunities for commercial real estate markets to make further gains."
For a complete copy of the company’s news release, please contact:
For further info/comment/photos:Sherry Quan, National Director of Communications & Media Relations, Avison Young: (604) 647-5098; cell: (604) 726-0959; sherry.quan@avisonyoung.com
Mark Rose, Chair and CEO, Avison Young: (416) 673-4028Earl Webb, President, U.S. Operations, Avison Young: (312) 957-7610
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