*August 2009* * *
The Commercial Real Estate Outlook (CREO) from the NAR Research Division provides current statistics, forecasts and insights on market factors that influence office, industrial, retail, and multi-family real estate. For the 3rd Quarter 2009 report, please visit: http://www.realtor.org/research/research/commercialhome<http://go-to.realtor.org/r/3OS1G5/TUAL5/PRWCHU/WVU1O/PLF5F/FW/h> *Distressed properties reflect struggling market fundamentals* Commercial real estate closed the first half of the year with weakened fundamentals and a slow pace of transactions amid difficult economic conditions. Demand for commercial properties dropped precipitously, bringing down prices and rents. In addition, maturing commercial debt was met with little available credit, leading to a jump in delinquencies and distressed properties. As space flooded the market, vacancy rates have been rising across the board. And while the economic decline is showing signs of a slowdown, commercial real estate continues to face strong headwinds. *NAR FORECAST: * Commercial real estate will continue to face negative absorption, increasing vacancies for all property types and declining rents. Commercial debt continues to pose a major threat. Extension of TALF funds for commercial lending should provide liquidity, particularly in the CMBS market. Investments may rise due to distressed properties and lower prices. Additional analysis of fundamentals along with current investment trends will be posted in the following weeks. The reports will be available to all members at: http://www.realtor.org/research/economists_outlook/commentaries<http://go-to.realtor.org/r/3OS1G5/TUAL5/PRWCHU/WVU1O/MPSZJ/FW/h> Check out the full range of NAR Research Products at: http://www.realtor.org/Research<http://go-to.realtor.org/r/3OS1G5/TUAL5/PRWCHU/WVU1O/2ZORC/FW/h> *Questions?* Contact George Ratiu, Economist at [email protected] To ensure that you continue to receive e-mails from the National Association of REALTORS®, please add us to your to your e-mail address book. Unsubscribe <http://go-to.realtor.org/r/3OS1G5/TUAL5/PRWCHU/WVU1O/O1RM3/FW/[email protected]>from this e-mail newsletter. Manage E-mail Preferences:To change your e-mail address, or manage your subscriptions, please log in to your REALTOR.org account<http://go-to.realtor.org/r/3OS1G5/TUAL5/PRWCHU/WVU1O/4MCNZ/FW/h>. Your REALTOR.org username is BruceMajors. Customer Support Visit our customer support page<http://go-to.realtor.org/r/3OS1G5/TUAL5/PRWCHU/WVU1O/X0HE0/FW/h>for help with your account. Privacy Policy <http://go-to.realtor.org/r/3OS1G5/TUAL5/PRWCHU/WVU1O/55V34/FW/h> Please do not reply to this e-mail. This mailbox is for distribution only. NATIONAL ASSOCIATION OF REALTORS® 500 New Jersey, NW Washington, DC 20001 800/874-6500 www.REALTOR.org<http://go-to.realtor.org/r/3OS1G5/TUAL5/PRWCHU/WVU1O/F9K6J/FW/h> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
