Good article on commercial real estate…
From Cleveland.com (OH):
Commercial real estate is expected to lag as economy recovers
As the economy makes the long, slow climb to recovery, the lagging commercial real estate market will tug against progress each step of the way.
Job losses, store closings and corporate cost-cutting have put office buildings, shopping centers, hotels and apartments in a bind.
This slump won’t have as dramatic an effect as the housing collapse, which contributed to a near-breakdown of the nation’s financial system. But the nation’s $6.5 trillion commercial real estate market certainly won’t be much of a contributor to economic growth during the next few years, analysts say….
