We are still at the base of the recession on our way back up. The commercial property market saw better times, and not a great deal is occurring now. The Federal Agency head honcho stated recently that he suspected that we were most likely over the recession. Still, it may be a little while till people start to get their roles back and feeling like things are better.
Only in the case of property redevelopment or rebuilding will a falling earnings base be put up with by the owner which will usually only be for a brief period of time. In commercial property management and leasing it’s the expansion of earnings that’s a baseline for the successfulness of the property in most situations. As a property agent specializing in commercial property you have got to talk about rent and what to do with it.