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January 29, 2015

The Wave is Rising – For Now

A rising wave: that was the shape of Michigan’s strong commercial real estate market in 2014. Capitalizing on that surge, Thomas Duke Company associates Steven Valli and Frank Rakipi logged a record 65 transactions.  

Will the wave continue to rise in 2015? Here are some of the market indicators:

  • Interest rates (treasury rates) are still low for borrowers
  • Investment lending is back
  • Vacancy rates continue to decline in most markets.
  • New housing starts and employment is on the rise.

Clearly the momentum of 2014 continues to build. Of course that’s not a certain guarantee of a strong market in 2015. Because we understand our market on a street-by-street basis, we can anticipate change and strategize to meet our clients’ short-term and long-term needs, whether the wave rises or falls.

Real estate can be cyclical and fickle. While devastating, the crash of 2007-2009 refined our skills; its challenges have made us highly attentive to our clients’ needs and intensely purposeful about meeting them. In a market where conditions vary by property, city, and street, our approach is simple: we listen carefully, act ethically and honestly, use every technical advancement available, and leverage our 35-plus years of commercial real estate experience to secure the best deal possible for every client.

Timing is everything, and for the moment, the wave is rising. We can help you make the most of the current momentum so that 2015 is your best year in commercial real estate. Call Steven Valli or Frank Rakipi at 248.476.3700, or email svalli@thomasduke.com or frakipi@thomasduke.com.

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