Commercial Real Estate Market in Term Paper

Total Length: 665 words ( 2 double-spaced pages)

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Home Depot Inc., alone increased its distribution presence to 1.5 million square feet at Windham Lakes Business Park in Romeoville after signing a lease for all of Windham Lakes VII, a 720,000 square foot spec building at 1070 Windham Parkway. (Dubriwny, 2004)

This renewed investor interest in Chicago is also due to the fact that such commercial, industrial real estate in the area are becoming perceived as foreign investor friendly, and relatively stable in comparison to other locations -- an excellent combination and a prescription for long-term expansion. (Dubriwny, 2004) Furthermore, although companies such as Home Depo, Inc. may have been much maligned in recent years, they are critical in drawing so-called anchor stores to large, enclosed malls and shopping districts. (Smith, 2005) Shoppers will go out of their way to go to such commercial locations, and the Chicago commercial market is becoming more open and attractive to such brand names.
(Smith, 2005)

Renewed commercial interest has also translated into renewed expansion in these areas in the commercial housing market, and had a ripple effect for investment in commercial real estate in outer lying Chicago locations overall. Knowing how to take advantages of such real estate opportunities, to spot trends in the market before they happen, and to predict the future of such a complex market -- which is so dependant upon tastes, human demographics, as well as the state of the American economy -- is key to succeeding in the market. I hope to better ground my business acumen and skills by obtaining an MBA.

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Latest APA Format (6th edition)

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"Commercial Real Estate Market In" (2005, March 15) Retrieved May 5, 2024, from
https://www.aceyourpaper.com/essays/commercial-real-estate-market-63025

Latest MLA Format (8th edition)

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"Commercial Real Estate Market In" 15 March 2005. Web.5 May. 2024. <
https://www.aceyourpaper.com/essays/commercial-real-estate-market-63025>

Latest Chicago Format (16th edition)

Copy Reference
"Commercial Real Estate Market In", 15 March 2005, Accessed.5 May. 2024,
https://www.aceyourpaper.com/essays/commercial-real-estate-market-63025