When the market changes, not everyone agrees with what's happening. If change is inevitable and everybody resists it, how do we know when the market will bottom? In the last post, you read about what 1,157 New England based commercial real estate owners and investors thought of the market. Today, you'll read about where they think it's going.
Change is inevitable and everybody resists it. But what happens when the market changes and not everyone agrees with what's happening? We wanted to find out. So we ran a survey of over 1,157 New England based commercial real estate owners and investors to collect their thoughts on the commercial real estate market.
The stalemate is ending. We have just summitted a mountain of transactions and have been sliding down the other side, as represented in CoStar's chart showing national sales volumes for office properties.
Property & Portfolio Research has published some mean numbers that indicate that we're going to be in for a wild ride over the next couple of years in the Boston area commercial real estate market. As much as what I hear around town is a false sense of hope and security that this will blow over soon and we'll get back to prosperous times again, it looks like the coming storm is going to get nasty.
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The past several years have been forgiving to commercial real estate investors. You could go out, buy a building, lower the rents, and sell the property for more than you paid for it. Huh?
\n\nSounds strange doesn’t it? Imagine this, you’re a savvy real estate investor who’s interested in purchasing a 40,000 SF office [...]
Thursday, June 11, 2009
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