Sun News - The commercial real estate market improved slightly in the first half of 2010, according to Realtors and experts, but challenges getting financing and a still shaky economic environment will mean a slow path to recovery. While it may not look like it with a significant number of vacant buildings throughout the Grand Strand, the market for office, retail, multifamily and industrial space is improving. Stokes Graves, the president of Core Commercial, said that business is up from last year. While there is too little data to show exactly what the improvements are, the indicators point to a brighter future, he said. "I think last year was definitely a recessionary time," Graves said. "I think we're coming out of the recession and entering a recovery period." Commercial real estate sales are difficult to track because many of the transactions never get posted in the Multiple Listing Service database. The slow improvements on the Grand Strand seem in line with the national trend, which has begun to recover as well.
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