a:30:{s:9:"weblog_id";s:1:"2";s:8:"entry_id";s:3:"401";s:6:"sticky";s:1:"n";s:14:"allow_comments";s:1:"n";s:16:"allow_trackbacks";s:1:"n";s:10:"entry_date";s:19:"2009-01-22 10:48 PM";s:15:"expiration_date";s:0:"";s:23:"comment_expiration_date";s:0:"";s:8:"category";a:2:{i:0;s:2:"15";i:1;s:2:"36";}s:9:"author_id";s:1:"2";s:10:"new_weblog";s:1:"2";s:6:"status";s:4:"open";s:14:"trackback_urls";s:0:"";s:18:"versioning_enabled";s:1:"y";s:5:"title";s:41:"CB Richard Ellis Releases Market Forecast";s:9:"url_title";s:41:"cb_richard_ellis_releases_market_forecast";s:6:"submit";s:6:"Update";s:10:"field_id_5";s:41:"CB Richard Ellis Releases Market Forecast";s:10:"field_ft_5";s:4:"none";s:10:"field_id_9";s:275:"There were no major surprises  in a generally glum report released this week by commercial/industrial/retail broker CB Richard Ellis (CBRE). However, the St. Louis region appears to be faring somewhat better than its counterparts in other ares of the country, CBRE reported. ";s:10:"field_ft_9";s:4:"none";s:11:"field_id_13";s:0:"";s:10:"field_id_7";s:46:"CB Richard Ellis, report,  real estate, trends";s:10:"field_ft_7";s:4:"none";s:10:"field_id_8";s:2026:"<p>There were no major surprises&nbsp; in a generally glum report released this week summarizing 2008-2009 trends by commercial/industrial/retail broker CB Richard Ellis (CBRE). However, CBRE reported that the St. Louis region appears to be faring somewhat better than its counterparts in other ares of the country.<br /><img alt=\"CBRE Report\" class=\"image-left\" height=\"303\" src=\"/images/uploads/cbre_1.jpg\" style=\"float: left;\" width=\"266\" /><br />The following are some of the major points for 2009 from the CBRE report:</p>
<p><strong>Office</strong><br />&bull; Vacancy rates likely to rise<br />&bull; South County faces influx of available Anheuser-Busch space<br />&bull; Renewing tenants will be critical for landlords<br />&bull; Concessions, including free rent, will be prevalent<br />&bull; Ability of projects such as Ballpark Village to get financing will impact the market in 2009 and beyond</p>
<p><strong>Industrial</strong><br />&bull; Most activity is from users looking for between 30,000 square feet and 60,000 square feet<br />&bull; Speculative construction has slowed considerably<br />&bull; South County&rsquo;s exposure to Chrysler and its suppliers makes it vulnerable, now that the car company has shut down one plant and slowed production at the other<br />&bull; A tenant&rsquo;s market has emerged, with some &ldquo;oncein-a-lifetime&rdquo; deals featuring lease rates as low as $1 per square foot</p>
<p><strong>Retail</strong><br />&bull; Rate of development expected to slow significantly<br />&bull; Projects seeking financing will have to have significant pre-leasing committments<br />&bull; &ldquo;Power Centers&rdquo; with name-brand anchors such as Wal-Mart, Best Buy and Target will continue to do well as retail destinations<br />&bull; Smaller, neighborhood centers located in areas that receive less traffic are likely to struggle</p>
<p>To download the complete report, go to <a href=\"http://www.cbre.com/USA/US/MO/St+Louis/misc/stlmarketoutlook\">this link</a>.</p>";s:11:"field_id_42";s:26:"/images/uploads/cbre_1.jpg";s:11:"field_id_43";s:0:"";s:11:"field_ft_43";s:4:"none";s:10:"category_0";s:2:"15";s:10:"category_1";s:2:"36";}