Brian Gordon Sector Quotations

It appears that interest in the sector has boosted stock performances, which are not necessarily tied to fundamentals.

Despite above average market expansions through the first quarter of 2006, the office sector held its ground as demand nearly matched new supply. The amount of space that came online during the current quarter matched last year's record-setting quarterly average, and was well above the nearly one-half million square feet quarterly average posted during the past decade.

The lack of availability has the industrial sector experiencing a feverish pace of transactions, similar to the residential sector 18 months ago. We have seen the sale of selected industrial buildings achieve per-square-foot pricing witnessed in the office sector just one year ago.

National consumer confidence levels continued to climb through the end of April. The tourism-related sector posted reasonable gains in total visitation during the past three months.

We've seen a tremendous amount of interest in that sector of the office market. It's driven by a few things, including rising development costs.