Following the downturn in the industry, commercial real estate is experiencing an upturn in fortunes, CB Richard Ellis has predicted.
Speaking to the LA Times, the company's chief executive Brett White explains that the future is looking bright for the sector, especially in the US.
Indeed, the expert told the news provider that residential units were leading the pack, with rents continuing to increase.
As a result of this, he said, office and retail buildings will also benefit, while industrial properties will be the slowest to return to their 2007 peaks.
"We also see an incredible demand for very high quality, well-leased assets of all classes," he added.
"So many investors lost so much money in real estate the last three years, yet they still have a lot of money to invest, so they are now investing in the safest possible properties
Meanwhile, Mr White said that while large investors were back buying real estate once again smaller investors' involvement in the market would depend on their "appetite for risk".
- Tuesday 14 September 2010