Commercial Real Estate
For Those with Money: "You Won't Find a Better Time to Be a Buyer"
Source: CoStar.com
Cash Will (Again) Be King as Slower Than Expected Recovery Will Create its Own Set of Opportunities, According to Commercial Real Estate Professionals
"Although the future of commercial real estate remains murky, current operating conditions are crystal clear: There is very limited capital, extremely tighter underwriting, shrinking net operating incomes, shrinking space demand and declining property values. For companies today, that means leaner and more efficient operations and more focus on tenant retention rather than tenant attraction."
"We probably have already experienced the worst, but our economy is still falling, albeit at a slower pace. Several leading indicators suggest that we will likely bottom out before the end of this year," said Tim Wang, Ph.D. and senior investment strategist for ING Clarion in New York. "Nonetheless, investors should keep in mind that the economy declining at a slower rate is a lot different from actually beginning to expand. The recovery process could be less robust and take longer than expected."
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I agree Owen and Real Estate is cyclical so today's bargain becomes tomorrow's good value
Excellent article of the current market conditions in the commercial real estate sector. Cash is always king - just who has it??? A great reference is made to the fact that there are a number of distressed assets currently not available but may come available in the next year to eighteen months. For those with money - keep your eyes open!
- Owen Ahearn | Flag this comment for review