Decreasing supply and increasing demand for space created a healthy commercial real estate market in 2013 and those trends should continue in 2014, says Fred Schmidt, President of Coldwell Banker Commercial. E-commerce is also pushing rates for industrial and storage space higher as traditional retailers adjust their supply chains in order to compete with the likes of Amazon.com. Another macro trend pushing up prices is the improvement in the job market, which Schmidt says is ultimately the prime determinant of office space demand.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
