Commercial
Commercial real estate pros say no recovery until 2011
(THE BUSINESS JOURNAL) - LoopNet, the largest online marketplace for commercial real estate properties, said a recent survey showed most of its members don’t expect a recovery in the market until 2011.
The fourth quarter 2009 LoopNet Pulse Poll said the number of respondents that think commercial real estate transactions will rebound in 2011 jumped to 46 percent, compared to 13 percent in its third quarter survey.
And 50 percent said they anticipate a rebound in 2010, which is down from 66 percent in the survey taken in the third quarter.
The poll was taken by LoopNet members, which include commercial real estate investors, brokers and owners.
Investors were slightly more pessimistic in the fourth quarter and had a median expectation of recovery timing that’s about one quarter later than that of brokers and owners, said LoopNet.
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