U S Commercial Real Estate

T he United States of             baseball, football, soccer and     America is one of the           hockey.                            largest countries in the                                           whole world. It is made up of 50      The United States is home to one   states, which are                     of the largest commercial real     semi-independent. There are a         estate industries in the whole     number of large cities in the         world. In the late 1980s up to     U.S., including Washington D.C.,      the early 1990s, the real estate   Los Angeles, San Francisco and        industry in the United States      New York, to name a few.              experienced a major collapse.                                            Since then, various efforts have   There are numerous tourist            been made to re-build the          attractions in the United States.     industry to its present            These include The Statue of           competitive state. The tax code    Liberty, The Grand Canyon, and        was amended, and real estate       Yosemite National Park, to name a     investment trusts, or REITs,       few. There are also a wide            became public. Large private       variety of events occurring at        investors also became interested   different locations in the            in the commercial real estate      country all throughout the year,      industry. Also, after the          which attract numerous people         technology bubble popped in the    worldwide. Some of the major          1990s, more and more people        events in the country include the     became interested in owning real   Fourth of July, Thanksgiving, and     property, and subsequently,        Labor Day, to name a few.             investing in the commercial real   Watching and playing sports are       estate industry.                   also much loved pastimes in the                                          country. The U.S. has                 The commercial real estate         professional teams for most           industry in the United States is   sports, including basketball,         stimulated by the country’s        economy, which is of a capitalist     Although the recent subprime       mixed type. The United States         mortgage crisis has begun to       contributes approximately 20          affect even the commercial real    percent of the gross products in      estate industry, as seen in the    the world. It is one of the           decreasing prices of stocks of     largest importers and exporters       various mortgage companies,        of goods, and is one of the           different analysts are still       biggest industrial powers in the      optimistic regarding the future    world.                                of commercial real estate in the                                         country. Various commercial real   Commercial real estate in the         estate deals, involving hotels     United States is now considered       and business offices, are still    as a new asset class. In the past     getting finalized.                 several years, the real estate                                           industry has been flourishing,        Moreover, a recent bill favoring   and has become more appealing         the commercial real estate         than even the U.S. stock market.      industry has recently been         Currently, the values of office       re-authorized by the U.S.          spaces and retail properties are      Congress. The bill, known as the   still on the rise, while              terrorism risk insurance program,  long-term interest rates remain       provides adequate real estate      at affordable levels. Several         coverage for different forms of    cities in the country have            terrorist attacks, such as         experienced the real estate boom,     nuclear, chemical, biologic or     including New York, Los Angeles,      radiologic. This form of security  Miami and Chicago. These              is essential in the commercial     characteristics make real estate      real estate industry in the        a very attractive industry for        United States.                     investors to get into.                                                                                         With all of these factors in       play, the U.S. commercial real         google_ad_channel            estate industry will surely           ="3545651507";                     continue growing in the years to                                         come.                                  google_color_border =                                          "FFFFFF";                                                                                                   type="text/javascript">                                                                                        google_ad_height = 90;                                                 type="text/javascript"             google_ad_format =                                                 "728x90_as";                                                                                             src="http://pagead2.googlesyndica  google_ad_type =                tion.com/pagead/show_ads.js">      "text_image";                                                                                                                       About the Author: Seth Willis Jr. is the webmaster for http://www.mybizfootprint.com and a savvy real estate investor. His focus for MyBizFootPrint is to allow users to showcase their Commercial real estate from all over the world .Users can browse , rentals,retail, Office space and commercial buildings, commercial properties for sale or lease, from every corner of the globe. Read more articles by: Seth Willis Jr. Article Source: www.iSnare.com ...Archive >>