Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Commercial Real Estate

Commercial Real Estate Not Expected to Recover Until After 2010

A 16% recovery after 2010

commercial real estate constructionWith the commercial real estate sector being among the hardest hit this year with tighter lending and rising vacancy rates, speculators are trying their hand at looking into the proverbial crystal ball and one firm, Maximus Advisors has stated firmly that 2010 will be the year commercial real estate hits bottom and starts to “claw back a third or more of their lost valuations over three years” and that apartment, retail and office buildings would “get a recovery pop of more than 16% after 2010.”

The bounce will be minor in comparison to recession rebound periods of the past, but with falling rents, rising inventory levels and loan defaults make a recovery in the $6 trillion market hard to fathom, but the white flag is being waved for investors who have held out hoping for more distressed properties to choose from.

Indiana Commercial Real Estate Broker, Duke Long said, “in my market, employment (or lack thereof) is the number one factor for recovery. What makes the difference locally is the University stability managed growth and consistent vacancy which has made the market not quite strong, yet still attractive to investors.”

Advertisement. Scroll to continue reading.

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

16 Comments

16 Comments

  1. Benn Rosales

    November 24, 2009 at 2:52 am

    Oh come on, they’re killing themselves by holding on to yesterdays market, price it right and you might catch the deals recessions tenants are hunting for. On Friday I talked to one business that is seeking larger offices only to be told higher prices are to be expected, and thats exactly what they found, even on older property. I know it ain’t that simple, but the definition of sitting inventory is a starving investment. Apartment communities learned this lesson long ago, it’s time commercial space got in the game too. Simple or not, it’s reality.

  2. commmercial property

    November 25, 2009 at 9:25 pm

    yeah,Commercial properties getting clobbered these days are apt to hit bottom in 2010 and then claw back a third or more of their lost value over three years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Commercial Real Estate

When considering whether you should lease your office space or buy, an industry expert outlines the questions you should ask yourself.

Business Finance

(Financial News) New data out could help your business pick the winner between office and retail space, as both are posting gains, but not...

Tech News

(Tech News) Commercial real estate shoppers and practitioners are finally catching up as a whole to the advances in technology and mobile device use...

Commercial Real Estate

(Commercial Real Estate) The commercial real estate sector has improved substantially since the economy crashed, but is now showing signs of slowing, but data...

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.