Tuesday, January 26, 2010

CRE Hell

I'm sure a spending freeze and nonrefundable tax credits will take care of this.

The Urban Land Institute, a research center, said in an emerging trends report this month with consultant PricewaterhouseCoopers that respondents to its survey predicted that "commercial real estate vacancies will continue to increase and rents will decrease across all property sectors before the market hits bottom in 2010 and projects value declines of 40 percent to 50 percent off 2007 market peaks."