Commercial Real Estate Distress Far From Over, Survey Shows
Source: The Real Estate Round Table

With high unemployment pushing up vacancies, no credit capacity and property values plummeting, commercial real estate markets remain extremely stressed with little prospect for significant near-term improvement, according to The Real Estate Roundtable’s latest quarterly survey of senior commercial real estate executives.

All three indices tracked by the “Sentiment Survey” have risen considerably since the near-collapse of financial markets last fall — a reflection of respondents’ collective sense of relief at having survived the worst of the turmoil, and the extreme uncertainty and paralysis of last year giving way to a greater sense of acceptance of market realities. However, the latest numbers — particularly the “Current Conditions” reading of 56 — remain well below the ideal of 100. An overall index of 100 means all survey respondents have answered that conditions today are “much better” than they were a year ago, and will be “much better” 12 months from now.

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This entry was posted on Tuesday, November 3rd, 2009 at 7:43 pm and is filed under Business and economics, Housing and real estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.