The commercial real estate market regained a little of its mojo in recent months, mostly connected to the capital markets.
The market can’t be fully healthy until the distress cycle is completed.
While we are encouraged to see signs of stabilization in the economy and financial markets, the outlook for commercial real estate will be dominated by three powerful themes: deleveraging, deflating asset values and deteriorating fundamentals.
The commercial real estate market is in the midst of a correction that is painful, to be sure, but it also is a necessary step to moving in the right direction.
Optimism is in short supply in the commercial real estate market.
After many years during which capital and space market forces have helped drive investment performance and attract a larger and more diverse investor base, the U.S. commercial real estate market faces serious challenges on both fronts.
The capital market environment has changed dramatically over the past six months and even since the year began.
Real estate investors face a much more challenging environment in 2008 than they have in many years.