1Q 2009 – Commercial Rental Rates Continue Downward

Posted by Clarke on April 2, 2009 under Good Info - Read It | Be the First to Comment

U.S. office rents declined at the steepest rate in seven years during the first quarter of 2009, according to research firm Reis Inc.

“It’s really sobering to see that even though we’re technically at the beginning of this downturn, the magnitudes of the declines, the fact that they’re registering historic levels, is really sobering,” says Victor Calanog, Reis director of research. Read more of this article »

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- Commercial Loan Defaults on the Rise

Posted by Clarke on March 27, 2009 under Good Info - Read It | Be the First to Comment

With loan defaults rising, analysts say the struggling commercial real estate industry is poised to fall into the worst crisis since the last great property bust of the early 1990s.

Delinquency rates on loans for hotels, offices, retail and industrial buildings have risen sharply in recent months and are likely to soar through the end of 2010 as companies lay off workers, downsize or shut their doors. Read more of this article »

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