The recent rally of real estate investments trusts is a vote of confidence in the strength and staying power of the recovery.
Following the plunge in property values and a near freeze in commercial real estate deals during the recession, there are signs of improvement.
On the bright side, overbuilding is low and the the Russians have cash to spend.
Looking to raise revenue, federal building managers are reaching out to business tenants.
High vacancy rates and mortgage defaults won’t go away quickly.