At the opening session of REITWorld 2013, Kenneth Rosen, chairman of Rosen Consulting Group, said the commercial real estate sector is in the "sweet spot" of the economic cycle, with supply and demand fundamentals looking "very good."
Rosen cited low building supply nationwide in a number of sectors, including retail and warehouse, as a positive sign for the industry. The warehouse sector, for example, is at a 50-year low in new construction starts, according to Rosen.
Looking at the overall economy, Rosen remarked that it is "better than people think." He said REITs should take a broad approach rather than focus on a select group of geographic markets.
View a webcast of the session. (Link will be live within 24 hours.)