Commercial
Commercial Real Estate Has Long Road Ahead to Recovery
(DS NEWS) - Commercial real estate in the United States has a “long and bumpy” road ahead with stability more than a year away for nearly every property type, according to a study commissioned by PricewaterhouseCoopers. The firm’sfourth quarter Korpacz Real Estate Investor Survey shows that real estate investors don’t expect a recovery in the commercial sector until late 2011 or 2012.
What’s more, difficulties refinancing under tight credit conditions as billions in commercial mortgages comes due in 2010 could further delay a commercial real estate upturn and easily sidetrack the U.S. economy’s delicate recovery.
According to PricewaterhouseCoopers (PwC), many commercial real estate investors who held investments, overleveraged, or bought late in the cycle now face struggles because 2010 is expected to present many challenges as capital remains limited, rents continue to decline, and vacancies. But even with these snags, the firm says next year will be a great time to buy commercial real estate assets.
Discussion
No comments for “Commercial Real Estate Has Long Road Ahead to Recovery”
Post a comment