Posted by Leonard Steinberg on January 8, 2011

Robert Knakal of Massey Knakal, a leading brokerage for smaller commercial buildings, just reported that Commercial real estate market conditions continue to exert upward pressure on value as an acute supply/demand imbalance leaves thousand of active buyers fighting over relatively few available properties. Coupled with an extraordinarily low interest rate environment, sellers are able to obtain surprisingly strong prices today. The recession is officially over and the upward climb has begun. (we saw this starting many months ago.)