Commercial Real Estate tic.............tic,,, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: jmiller099	11/13/2008 1:46:56 AM
	Read Replies (1) of 442

Commercial real estate outlook darkens for 2009 Wednesday November 12, 4:48 pm ET By J.W. Elphinstone, AP Real Estate Writer Sinking economy and tight credit markets hurt commercial real estate tenants and landlords NEW YORK (AP) -- What a difference six weeks makes. Like blows to the commercial real estate industry, the headlines just keep coming: Circuit City files for bankruptcy protection, DHL is slashing its U.S. operations, Wall Street is handing out pink slips like ticker tape... The 2009 outlook for the commercial real estate sector has turned suddenly bleak. Rents and vacancies at shopping centers and office buildings will suffer the most, but industrial buildings and apartments won't be immune to the downdraft. "It blows my mind how fast this has happened. We had thought commercial real estate would be OK because it wasn't overbuilt," said Robert Bach, chief economist at Grubb and Ellis Co., at the company's 2009 Real Estate Forecast panel in New York on Wednesday. < continued at biz.yahoo.com > Comments: Grubby needs to replace their economist with some cornbread...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next