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Commercial Crash Maybe Not So Bad

Posted by: Tim Halbur

19 October 2009 - 1:00pm

The commercial real estate crash is coming and isn't pretty, but ULI senior fellow Stephen Blank and others say it won't be nearly as bad as the collapse of the residential housing market.

Experts say the commercial crash will be a drag on the economy for years to come, but shouldn't cause the upheaval we've seen.

"The problems in both the residential and commercial real estate sectors combined will, essentially, be a drag on the broader economy, said Matt Anderson, a partner with Foresight Analytics, a real estate consulting firm in California. "The good news for economic growth is that it's not nearly as reliant now on real estate, both residential and commercial, as it had been going into the downturn.""

Full Story: Commercial real estate is expected to lag as economy recovers
Source: Cleveland Plain Dealer, October 19, 2009
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