Good and Bad News in 2012 Commercial Real Estate Outlook
Don Jacobson writes that, "Recent signs of job growth are encouraging, but there likely won't be enough hiring to restore demand for office space to pre-recession levels.
Large employers have figured out how to get by with less office space. And cash-strapped consumers have continued to limit their spending, affecting the growth of retail centers, and thus the rents landlords can charge tenants."
For those looking to invest, "According to an analysis by PriceWaterhouseCoopers and the Urban Land Institute, the winners this year will be high-profile downtown office buildings and income-producing warehouses near transportation hubs, as well as full-service hotels and grocery-anchored neighborhood shopping centers."