Check out Pimco’s June 2010 US Commercial Real Estate Project. Looks like there will continue to be trouble ahead. U.S. consumers have curbed their unsustainable spending habits and increased their savings rate. Continued high employment will also help drag down CRE. According to this report, we may not see peak 2007 prices again until 2020.
Certain retail properties could also struggle in the New Normal. Many retail properties built in anticipation of large housing development will simply suspend operations, because sustained reductions in the home ownership rate mean that many planned housing developments will not restart for years.”
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