Signs Your Local Real Estate Market Is Starting To Heat Up
Watch the cranes.
This only applicable for commercial real estate markets, but when development of skyscrapers is booming, that’s usually the beginning of the end.
Ironically, when development deals do not “pencil”, is when developers should be building. Most development funding is approved when times are good. By the time all the projects are completed, the market typically softens. This new glut of vacant space causes landlords to slash rents. So begins the inevitable commercial real estate downcycle. Then, when all the cranes have gone back into hibernation, is precisely the time to go shopping for office, warehouse and retail properties.
You can find the rest of the article via Forbes.