SIOR World Conference

Fresh back from the SIOR World Conference at South Beach in Miami. Well, I haven’t been to South Beach in 10 years and I am happy to report that South Beach is still every bit South Beach! BUT, that’s not what I wanted to tell you!

Overall word from people attending the conference is generally upbeat! Most markets continue to improve AND maybe even the unthinkable…space shortages beginning to appear in select markets!  Say it ain’t so! Lease rates firming and even increasing, although sale prices on vacant properties (for the most part), while stabilized, not showing significant increases.

Interesting enough, this pretty much sums up the Connecticut and Western Massachusetts region (although Western MA still showing significant weakness in the leasing market).  Q2 2012 showing some positive signs but only after a very choppy Q1.

Keep smiling!

Mark