I read an interesting article yesterday about commercial real estate: http://www.efinancialnews.com/
Commercial real estate hasn't been effected by the economy as much as residential has.
But, it is starting to be a problem in various parts of England and Europe. The U.S Vacancy rates in commercial properties are just starting to rise in New York, which has been immune from problems for a long time.
Vacancies will go up and rates should drop.
Up to this point commercial real estate hasn't been affected the same way residential has. I think that has already started to change. The above article explains it very well.
Friday, October 3, 2008
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