We agree with this article written by CBRE. This is a great article on current market conditions.
Most pundits in the real estate industry will admit that in early 2009, they expected 2010 to be a banner transaction year fueled primarily by a large pipeline of distressed assets. Those same participants today will also tell you that 2010 and the near future doesn’t look or feel like what they predicted. So where have all the sales gone?
New York has had an extraordinarily rapid turnaround in investment sales pricing and volume primarily driven by a lack of product on the market and the perception...
‘Zombie Buildings’ May Limit Options for Tenants
Tough road if you invested in office within the last 5 years
“Now that the values of many properties purchased during the peak of the market have fallen below the balance due on the loan, some landlords are too capital-constrained to offer the tenant improvement allowances and other concessions necessary to attract tenants in today’s marketplace,” said Robert Bach, senior vice president and chief economist.”
Global Viewpoints: ‘Zombie Buildings’ May Limit Options for Tenants
08 Mar 2010 |
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