BMO Harris Bank Issues New Study: Midwest Commercial Real Estate to Improve Across all Sectors in 2012

CHICAGO, April 5, 2012 /PRNewswire/ -- While the rates of improvement will differ, all sectors of Commercial Real Estate in the Midwest will improve in 2012, says a just-released study on trends and opportunities in the Midwest Commercial Real Estate market.

"Rental housing is the current shining star of Commercial Real Estate," said John Wise, author of the study and Director, Commercial Real Estate, BMO Harris Bank. "Industrial development is gaining traction, although demand for office and retail properties is mixed."

Demand for medical-related space in the Midwest will remain generationally strong as boomers reach retirement age and utilize more medical services. However, demand for multi-tenant office space remains tepid; significant gains in new construction are still several years away.

To access the study, simply go to BMO Harris Bank's Commercial Resource Center at https://resourcecenter.bmoharris.com/content/navigating-challenges-and-opportunities-midwest-commercial-real-estate-market.

About BMO Harris Bank
Based in Chicago, BMO Harris Bank N.A. provides a broad range of personal banking products and solutions through over 650 branches and approximately 1,350 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank(SM) is a trade name used by BMO Harris Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with 1,600 branches, and a retail deposit base of approximately $180 billion.

SOURCE BMO Harris Bank

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