Colliers Sees 'Blockbuster' Year for CRE

The U.S. commercial real estate market faces the prospect of "another blockbuster year" in 2006, according to Colliers International, a Boston-based global real estate services firm.Colliers predicted that the office and industrial sectors will both experience "substantial expansion" next year. "The U.S. commercial real estate sector will be remarkably strong as we move into the New Year," said Ross Moore, the organization's vice president and director of research. "Even if the economy grinds to a standstill tomorrow, we have enough momentum and inertia to carry us through until at least midyear." Mr. Moore acknowledged that the economy will have to weather high energy costs, rising interest rates, and an uncertain housing market in 2006, but he said many businesses are "well-capitalized and financially secure" and are therefore "primed for expansion." Colliers can be found online at http://www.colliers.com.