"Tech Firms Leading Commercial Real Estate Recovery"
Technology stocks have posted impressive gains in recent periods. According to Morningstar Inc., these stocks witnessed an average gain of 20.75 percent over the past year, an average gain of 12.39 percent annually over the past three years (leading all other sectors), and an average 10.09 percent gain annually over the past five years (trailing only basic materials). But has a strong stock market performance translated into demand for commercial real estate? In the following report, Grubb & Ellis examines five office markets with strong technology components to answer this question: Silicon Valley, San Francisco, Boston, New York City and Austin, Texas.
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