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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (84887)	8/12/2007 10:07:12 PM
From: Dan3	Read Replies (1) \| Respond to of 306849

Re: associates who put together commercial RE development packages, with private equity firms that were chomping at the bit a MONTH ago, to suddenly when the time for due diligence elapse is weeks away, oooops! nevah mind! I live in the SW Chicago suburbs, where a lot of building started taking place ~2001 followed by a big wave of commercial construction beginning in about 2003. It was all getting leased almost immediately (needed to service the new households that started showing up in 2001). Just in the past few months, though, it seems like an enormous amount of new retail space has been coming on line all at once. A lot of the new space isn't leased yet and a lot of existing space seems to be going vacant as existing businesses move to the new space with no replacements. How many new malls like this one can be absorbed each year in a given metro area? Everything else has been expanding at the same time. thepromenadebolingbrook.com I wouldn't be surprised to see a slowdown in commercial even if the mortgage market hadn't tightened up. With rates going higher on top of a saturated market....