The commercial real estate sector has struggled to emerge from the recession as its residential counterpart struggles with low property values, high foreclosure rates and weak demand.
Commercial lending activity is expected to remain competitive in coming months.
Entrepreneurs and real estate gurus are scrambling to find small business lenders in New York City.
The Federal Deposit Insurance Corporation reported on Wednesday that delinquency rates on commercial and multifamily mortgages fell during the fourth quarter of last year.
Banks stepped up their lending activity to commercial properties and construction projects in the fourth quarter.
The U.S. commercial real estate sector is on the mend.
Entrepreneurs looking to secure a building for their startup or expand existing operations may have more luck next year, according Jones Lang LaSalle’s 2012 National Commercial Real Estate Outlook report.