Cash Stash Fuels Real Estate

Essentially, the CB Richard Ellis report portrays the Valley as one of the hottest regions in the nation for commercial real estate and, hence, investor activity.

Although some cooling in land prices may occur in certain areas, the population and job growth will propel most, if not all, sectors.

The retail vacancy factor is only 5.25 percent and that retail rents have risen 20 to 30 percent during the past two years.

Also, Multi-family occupancy rates could reach 96 percent this year, a remarkable turnaround from the 89 percent rate in 2003.

This year, more apartment units will be converted to condos than new apartments units added to the market. More...