President's Message

Steve GeilThe President's Message is an update written by Steve Geil, the President/CEO of Fresno EDC, to serve as a communication tool to Fresno EDC's constituents. If you have any business inquiries, send Steve a message. If you would like to have the President's Message sent to your RSS Reader, subscribe to the RSS Feed.

Real Estate Forecast

Wednesday, May 19, 2010

The Real Estate Forecast is one of California’s premiere events. Each year the Economic Development Corporation serving Fresno County and the real estate community select the region’s top brokers to highlight real estate trends that are influencing our market and the rapidly growing region.

In 2009, the Central Valley experienced the national decline in demand for retail and commercial property as unemployment drove people to save rather than spend. This market correction pushed property and rental rates downward. But is the worst over?

The Real Estate Forecast will attempt to answer that and other questions as to the shape of our real estate market, bringing you up-to-date information, opinions, and educated views for the near future of real estate and possible areas for investing.

Enclosed you will find sales and absorption forecasts of residential, retail, office, industrial, and multi-family real estate.

Two years ago "going green" was forecasted, and look at that prediction today. More and more buildings are meeting LEED certification and this is just the beginning. What prediction this year will be the hot area for investment in two years?

Most importantly, Fresno County remains the economic engine for the Central Valley; the premiere location to expand and grow your business… and it all starts with finding the right real estate.

After all, it’s location, location, location!

 

Read the EDC Real Estate Forecast Publication:

http://www.fresnoedc.com/about/publications/REF2010/flash.html