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Spotlight On Southwestern Illinois Real Estate

RASI: Southwestern Illinois residential market showing strong growth over last year

By ALAN J. ORTBALS    The residential real estate market is strong in Southwestern Illinois, according to Deb Treat Frazier, association executive of the Realtor Association of Southwestern Illinois.    “The economy is doing so well and continuing to improve; consumer confidence is improving; and the already low interest rates dropped even further after the Brexit vote…

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NAI DESCO: Retail real estate is strong with Edwardsville and O’Fallon leading the way

By ALAN J. ORTBALS    The retail/commercial real estate market in Southwestern Illinois is strong, according to David Wittenauer, principal of NAI DESCO.     “Retail vacancies are minimal; occupancy rates are very high; and rents are trending upwards,” Wittenauer said.    Wittenauer said two of the hottest areas are O’Fallon and Edwardsville.    “We’re working on several projects…

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