Source:


Deaton Investment Real Estate & The Wake County Apartment Association



Monday, April 28, 2008

The market is weird

Just read this article in today's N&O.

So, office demand is high. Normally, this means that companies are growing and can still afford to relocate. Odd. I thought the bottom was falling out. This can mean two things, really.

1. The "downturn" is simply not as bad as many think.
2. The "downturn" hasn't really hit yet.

Let's hope #1 is true. I surely don't know.

Incidentally, SPACE magazine, published by The Triangle Business Journal, also stated that the first quarter of 2008, normally the slowest of any year, showed signs of a healthy market with plenty of positive absorption. Still, job growth is pretty slow.

Oh, and in other news, gas prices are high.

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