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Posted on 1/21/2006

Brokers around the country are reporting that during this busy time of year, they are seeing continued interest in condo conversion complexes, but less so than last year. I hear the the southeast is still largely designated as 'undervalued' in both residential and commercial properties. Residents of Charlotte, Atlanta, Jackonsville, Nashville, etc. note that the income levels in those 'undervalued' cities are not commensurate with those of the more expensive cities. But that doesn't seem to stop the price of housing and commercial properties from continuing to rise anyway.

 

Posted in Commercial Real Estate News