Commercial Real Estate Market Improved
Business is good for commercial realtors, banks, developers, and landlords in the Quad Cities. That was part of the message Thursday morning in Bettendorf, as NAI Ruhl Commercial Company presented its annual report on the local real estate market.
President, John G. Ruhl, says while the commercial market has improved over the last couple of years, we're in "desperate need of" ready-to-occupy industrial space, larger than 100,000 square feet. And we're losing out on new jobs because no modern spec buildings are available.
Ruhl also says there's a difference in market activity between Scott and Rock Island counties.
He blames a combination of topography, the availability of land, and Illinois' financial problems.
Speakers from NAI Ruhl Commercial Company and Estes Construction gave updates about demand for office and retail space, property managment, and investing in real estate.