Commercial News and Events

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Warning Sign for Office Market?
By Parke M. Chapman

It's tough to argue that the health of the nation's 7 billion sq. ft. office market is anything but robust. Demand is strong and vacancy rates have fallen. Lofty construction costs have tamped down new supply and asking rents shot up at their fastest rate in six years during the third quarter.

But a host of economic risks, ranging from weak job growth to ripple effects from a housing slowdown, could impact the office market in coming months. The shift may already be upon us: Take third-quarter job growth, which many economists viewed as mediocre -- non-farm payrolls increased by just 51,000 in September after rising by 188,000 in August. The consensus prediction among 23 economists polled by Dow Jones Newswires was that payrolls would jump by 125,000 in September.

While recessions are notoriously difficult to predict, some troubling signs have emerged in recent months. One quirky example is the Federal Reserve's "beige book" report from September. Read full story here

YOUR FINANCES: Three Obstacles to Financial Success
By Guy McPhail

Don't let procrastination or fear stop you from making the right plans

As a financial planner, I've seen what leads to wealth building success and what leads to failure. My small business owner clients have taken different paths before coming to see me. Some had been do-it-yourself financial planners and investors, some had never had a financial plan before, and some had unsuccessful past experiences in using a stockbroker or planner. All of these people had achieved some success in their business lives. All were intelligent and energetic. So, what kept them from achieving their wealth-building or wealth management objectives? Of course there are practical obstacles. But, in my experience, the more important factors are often emotional and behavioral ones. Let's look at three common obstacles to building wealth that can inhibit people from taking action to achieve their financial independence.

Procrastination

There's a lot of truth to the observation that says people spend more time in a year planning their vacations than they do thinking about and managing their personal finances. Some people feel they are so busy with business and home and family obligations that they just do not have the time to spend on their finances. They never actually forget that they should be paying attention to their financial futures, so they feel the stress of not taking the time to for planning. But they have an emotional block that prevents them from getting around to this critical task. Click here to read the full story.