A Slow, Steady Reconstruction For Real Estate

In 1995, the commercial real estate market continued its steady recovery from the devastation of the late 1980s. For the third year in a row, vacancies for most types of property fell, and rents in some markets edged upward. But despite signs of new life in a few sectors, cautious industry executives say the good news doesn't mark a return to the glory days of soaring asset values and bold construction deals. That means real estate investors in 1996 face a market that offers respectable, but not spectacular, returns.

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