Commercial Property Market to Hit Rock Bottom Next Year

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Commercial real estate will bottom out in 2009, flounder in 2010 and begin a slow recovery in 2011, according to a report on emerging real estate trends released today.

“Commercial real estate has only just begun to correct, it’s way behind everything else,” Jonathan Miller, a partner at real estate consultancy Miller Ryan, said during a conference call regarding the report, which was put out by the Urban Land Institute and PricewaterhouseCoopers.

Mr. Miller noted that the housing, stock and bond markets have already entered into corrections, while commercial real estate has remained relatively unscathed.

"Corrections," ha! Bloody lumps on the slaughter-house floor!

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Last edited by numan; 10/21/08 09:16 PM.