One of the brightest spots in the struggling real estate investment market is commercial property, according to a survey by PricewaterhouseCoopers. Nearly half the respondents say they expect "healthy" profits this year.
Since the commercial real estate market bottomed out in 2010, it has climbed 28 percent, according to Moody's Investors Service. Although it has continued to fluctuate through this year, it's been aided by instability in the stock market, as investors seek to diversify and hedge their bets with tangible assets.
The PricewaterhouseCoopers survey showed that values are increasing in office and apartment buildings, warehouses, hotels and retail, with apartments and warehouses leading the gains. Investors are particularly interested in industrial property in areas of the country with solid prospects for economic growth, including Silicon Valley in California and Austin, Texas, where energy and high-tech sectors are strong.
Respondents also believe Fannie Mae and Freddie Mac are looking more favorably on mortgages for multifamily apartment units, making it easier to fund deals.
Are you considering investing in commercial real estate?
Keep up with your wealth and mortgages and follow me on Twitter.
Get more news, money-saving tips and expert advice by signing up for a free Bankrate newsletter.